Commercial Property Auction Catalogue launched for first 2017 auction

The first Acuitus commercial property auction of 2017 will offer 53 retail, office, industrial and leisure assets lots producing current total rental income approaching £4m.

Acuitus auctioneer, Richard Auterac, comments: “With just under half of the lots in the sale guided at prices above £1m, this catalogue demonstrates our continued commitment to bring investment-grade properties to the market from across the sectors.”

Properties have been entered by major fund managers and investment funds including Wesleyan Assurance and St Johns Winchester Charity together with Administrators and Receivers including Colliers International, Deloitte, Cushman & Wakefield and BNP Paribas.

Lots in the auction include:

  • Wimborne Minster, Crown Mead Shopping Centre freehold modern supermarket investment let until 2034 (no breaks). Lease guaranteed by Co-operative Group Food Ltd. Producing £300,560pa. Guide price: £4.35m
  • Winchester, Jewry Street: Unbroken parade of five shops with seven residential flats above. Producing £128,260pa. Guide price: £1.65m-£1.7m
  • Ilford, High Road: 5,287 sq ft major freehold bank investment let to The Co-operative Bank plc until 2062 (no breaks) and producing £148,750pa. Guide price: £2.95m
  • Trade Counter Investments: three well-let modern freehold trade counter investments in Sheffield, Retford and Peterlee let to MKM Building Supplies. Each with low site cover. Guide prices range from £2m-£2.6m
  • Birmingham, Tipton: 1.68-acre freehold petrol filling station and convenience store investment. Lease guaranteed by Co-operative Group Ltd until 2029 (no breaks) and incorporating a Morrisons, Subway & Costa Express. Current income of £229,694pa. Guide price: £3.1m-£3.2m
  • London, Mill Lane, West Hampstead, NW6: 8,736-sq ft freehold public house part let until 2041 with planning consent for five flats above. Currently producing income of £108,500pa. Guide price: £4.1m
  • Lowestoft, London Road North: freehold bank investment in a prime location and let to Barclays Bank until 2027 (subject to option). Currently producing income of £140,000pa. Guide Price £1.85m

The auction will take place at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG at 2pm on Thursday, February 16th.