October Auction Catalogue Launched

28th September 2011

The Acuitus auction on October 18th will comprise 71 lots representing total guide prices of approaching £60m.

Lots are being offered on behalf of clients including Scottish Widows Investment Partnership, Co-Operative Estates, Highlands & Islands Enterprise and Stockland together with Administrators and LPA Receivers for Jones Lang LaSalle, Cushman & Wakefield, Edward Symmons, BNP Paribas Real Estate and Capita Symonds.

The quality and variety of sellers is reflected in the range of asset types on offer and the geographical spread. The sale features retail, office, industrial and mixed use investments. Around 40% of the lots are located in London and the south east but there are also properties on offer in locations including Birmingham, Manchester, Brighton, Ipswich, Leicester, Northampton, Huddersfield, Chesterfield, Port Talbot, Yeovil and Galashiels. Guide prices range from £150,000 to £5m.

So far this year our team has overseen the sale of approaching £100m of assets bringing the total sales at Acuitus auctions since we launched last year to more than £200m. The October sale represents the largest catalogue that we have assembled and we believe this illustrates the increased clarity of valuation evidence which is giving sellers the confidence to bring their properties to the market. With regard to investors, there is now a breadth and quantity of would-be buyers that has not been seen for several years.

Notable lots in the October sale include:

  • Fulham Road, London: a prime freehold retail and residential investment comprising a ground floor shop let to Boots and five flats above producing a total income of £207,738pa (Guide Price: £5m+)
  • Harrow Road, London: a freehold retail and residential investment comprising a ground floor unit let to Kentucky Fried Chicken and three flats above producing a total income of £62,319pa (Guide Price: £850,000-£875,000)
  • Market Place, Chesterfield: a freehold ground rent investment sublet to Primark and producing an income of £27,000pa (Guide Price: £500,000) 
  • High Street, Windsor: a 2,860-sq ft freehold retail and office investment with active management potential and producing a total income of £65,500pa (Guide Price: £1.1m) 
  • John William Street, Huddersfield (in association with Eddisons): a 16,624-sq ft retail and leisure let to tenants including McDonalds and Pizza Hut, and producing a total current income of £148,800pa (Guide Price: £1.7m) 
  • Riverside Industrial Park, Middlesbrough: a 51,680-sq ft modern industrial estate let entirely to Middlesbrough council until 2026 and producing a total current income of £138,118pa (Guide Price: £2.1m)

The full catalogue can be viewed here. 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

Acuitus is committed to the highest level of service to both our vendor clients and auction buyers. We believe that the forthcoming sale provides excellent opportunities for a wide range of investors and we would be pleased to discuss any of the properties featured.