The catalogue for the Acuitus December auction comprises 44 lots representing retail, office, industrial, leisure and mixed-use investments currently producing income of around £3.3mpa. Lots are offered on behalf of major clients including Telereal Trillium, Co-Operative Estates, Northamptonshire County Council, Mapeley and Scottish & Newcastle Pub Company together with Administrators and LPA Receivers at BNP Paribas Real Estate and Capita Symonds. Auctioneer Richard Auterac comments: “The properties in the December auction represent a wide geographic spread across the UK and a similarly extensive range of investment opportunities with guide prices from £90,000 to £3m.
“There is a good level of activity in the auction market. During the past six months, Acuitus has sold 110 properties with an aggregate value of £85m, and with almost 9 out of 10 properties finding an investor through our latest auctions these results are very encouraging.”
Notable lots in the December sale include:
- Chester: 18 Bridge Street – a prime retail investment opposite the Grosvenor Shopping Centre including a maisonette above. Producing £44,900 pax.
- Harlow: Travelodge Hotel – modern hotel ground rent investment let to AXA UK Pension Trustees Corporation for 999 years with reviews. Offered on behalf of Joint LPA Receivers. Producing £70,829.68 pax with a rent review in 2013.
- Southampton: 12-16 Above Bar Street – prime retail investment opposite West Quay Shopping Centre let on two new leases from 2010 to JD Sports Fashion & Rush Hair. Producing £157,500 pax (Gross).
- Dorchester: Vespasian House – landmark office building fully let to NHS, PCT and HM Revenue & Customs. Offered on behalf of Mapeley. Producing £217,000 pax.
- Wembley: The Bear Public House – let to Barracuda Pub Company until 2030. Situated close to Wembley Stadium. Producing £94,000 pax.
- Liverpool: Great Charlotte Street – prime retail investment close to St John’s and Clayton Square Shopping Centres. Let to Pizza Hut (UK). Offered on behalf of Telereal Trillium. Producing £135,000 pax.
- Romford: Substantial freehold retail investment adjacent to The Liberty Shopping Centre. Let to Argos. Producing £271,400 pax. with rent geared to 84% of rack rental value.
- Walton on Thames: 32-34 High Street – prime freehold bank investment let to HSBC Bank producing £106,800 pax.
- Liverpool: 14-21 Williamson Street – prime retail investment close to Liverpool 1 Shopping Centre. Occupied by Peacocks and Slater Menswear. Producing £243,532 pax.
- Newcastle upon Tyne: Tynegate Precinct, Gateshead – major ground rent investment on site of approximately 1.27 acres comprising three substantial buildings totalling approximately 135,000 sq ft. Let on 125-year lease until 2115. Producing ground rent of £83,500 pax with rent reviews
Stuart Buchanan of Acuitus Finance can also quote financing terms for all of the lots in the sale and can be contacted on 020 7193 2108 or by email on stuart.buchanan@acuitus.co.uk
