The catalogue for the third Acuitus auction of 2014 which will take place on May 22nd can be viewed here Following our largest ever auction in March, we are delighted to be presenting another strong sale this month comprising 55 lots encompassing retail, office, industrial and leisure assets currently producing total rental income in excess of £3.25m.
The assets for sale represent a wide geographic spread across the UK and a similarly extensive range of investment opportunities with guide prices from £100,000 to £2.8m. Lots featured in the auction have been entered by vendors including CBRE Global Investors, major banks, major funds, administrators together with LPA Receivers and Joint Fixed Charge Receivers at DTZ, GVA and Fairacre.
Properties in the auction include:
- 110 High Street, Marlborough: freehold retail investment let to WH Smith Retail Holdings on a 10-year reversionary lease until 2024 at a current rent of £115,500pax. Guide price: £2.1m
- 45 Narrow Street, London, E14: multi-let retail and leisure investment in London’s docklands currently producing income of £105,751pax. Guide price: £1.5m+
- 74-94 High Street, Dover: freehold retail investment let to J Sainsbury plc until 2034 (no breaks) at a current rent of £230,000pax. Guide price: £2.8m
- 129 Newhall Street & 106-110 Edmund Street, Birmingham: freehold public house let until 2046 guaranteed by Greene King plc. Currently producing £78,750pax. Guide price: £1.4m-£1.5m
- 1 Wellington Avenue, Aldershot: freehold Burger King drive-thru restaurant and car wash investment currently producing £133,100pax. Guide price: £1.8m
- Havell House, Queens Road, Reading: Freehold multi-let office investment currently producing income of £119,884pax. Guide price: £1m+
- Morrisons, 90 High Street, Southend on Sea: freehold Morrisons convenience store investment let on recent lease until 2028 (subject to option) at current rent of £87,500pax with minimum fixed rental uplifts. Guide price: £1.25m+
- Lloyds Bank, High Street, Great Bookham: freehold bank investment let to Lloyds Bank plc on a recently renewed 10-year lease (subject to option) at a current rent of £29,500pax. Guide price: £450,000-£475,000
- LA Fitness, Hallam Street, London, N1: Central London leisure investment let to LA Leisure Fitness until 2037 at a current rent of £302,381pax. Guide price: £1.7m+
- 43 Eden Grove, London, N7: freehold Islington residential investment comprising 15 flats and currently producing income of £110,760pax. Guide price: £1.4m
The auction will take place at the Millennium Hotel, Grosvenor Square, London W1 at 1.30pm on May 22nd.
