The next Acuitus commercial property auction will offer 83 lots and will take place on Thursday, July 13th at 1pm.
The auction encompasses a wide range of retail, office, industrial and leisure assets producing current total rental income of around £6.3m.
Lots have been entered by vendors including LaSalle Investment Management; Legal & General, M&G Real Estate; Wesleyan Assurance; MSeven; Stonegate Pub Company; St Johns College, Oxford; together with Administrators and LPA Receivers at CBRE and Deloitte. Properties in the auction include:
- London W2, Edgware Road: Substantial leasehold investment comprising 7 shops and two flats. Fully let producing £320,000pax Guide price: £3m-£3.25m
- Skipton, High Street: freehold (?) bank investment let to Barclays plc until 2026 (subject to option) adjoining Craven Court Shopping Centre. Current income: £140,000pax. Guide price: £1.55m-£1.65m
- Liverpool, Hunts Cross Retail, Speke: 4 units totalling 70,973 sq ft (plus mezzanine) on a site of 3.45 acres. Tenants include Matalan, Next & Poundstretcher. Current income: £701,144pax. Guide price: £4.75m
- Weymouth, Crescent Street: 9,801 sq ft leisure investment let to Gala Leisure until 2039 (no breaks). Current income: £72,556.22pax with annual RPI uplifts. Guide price: £1.05m
- London WC1, Gower Street, Bloomsbury: reversionary leasehold investment let to University College London until 2028. Current income: £513,000pax. Guide price: £4.25m-£4.5m
- Hinckley, Phoenix Business Park: fully let 15,340 sq ft industrial estate comprising 18 units and producing £89,040pax. Guide price: £975,000
- Chorley, Fairclough House, Adlington: 42,191 sq ft modern office building. Lease guaranteed by Fairpoint Group plc and currently producing £700,356pax. Guide price: £3.6m+
- Beccles, Saltgate: restaurant investment let to Prezzo until 2045 (no breaks). Current income: £70,000 pax with five-yearly RPI rental uplifts. Guide price: £1.25m-£1.3m
The auction team look forward to seeing you at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG at 1pm on Thursday, July 13th.