July sale catalogue launched

16th June 2011

The Acuitus auction on July 7th will comprise 31 lots offered on behalf of clients including Barclays Bank, Co-Operative Estates, Daily Mail General Investments, Executors, Joint LPA Receivers at BDO, GVA, Jones Lang LaSalle, Colliers International, Edward Symmons and Administrators.

Following our May sale from which more than £30m of assets have been sold with an 87% sale rate, the forthcoming auction offers investment opportunities located in London and the south east together with assets spread across the UK. In addition to retail, office and industrial investments, it also features leisure investments, a restaurant and two substantial medical centres.

Notable lots include:

  • On behalf of Barclays Bank, a prime heritable retail investment in the heart of Glasgow let to Cath Kidston until 2021 at a current rent of £165,000pa (Guide price: £2.5m)
  • A freehold retail and residential investment in London’s Portobello Road currently producing £26,700pa (Guide price: £425,000)
  • On instruction from LPA receivers, a 18,313-sq ft office building in West Drayton currently producing £50,000pa (Guide price:£750-800,000)
  • Medical centres in Catford and Whitley Bay with guide prices of £1.925m and £1.25m respectively
  • A fitness centre in Leeds occupied by LA Fitness and currently producing £152,306pa (Guide price: £1.45m)
  • A substantial public house on Broad Street, Worcester mainly let to JD Wetherspoon and producing an income of £236,000pa (Guide Price £2.5m)

Acuitus is committed to the highest level of service to both our vendor clients and auction buyers. So far this year our team has overseen the sale of more than £70m of assets bringing the total sales at Acuitus auctions since we launched a year ago to over £180m.

We believe that the forthcoming sale provides excellent opportunities for a wide range of investors and would be pleased to discuss any of the properties featured.

Stuart Buchanan of Acuitus Finance can also quote financing terms for all of the lots in the July sale. Stuart can be contacted on 020 7193 2108 or by email on stuart.buchanan@acuitus.co.uk