The 47-lot catalogue for the Acuitus commercial property auction on May 15th features 12 properties with guide prices of £1m-plus.
Amongst the various London lots, a 5,381 sq ft freehold retail and residential parade on Chiswick High Road, with development potential, is being offered at a guide price of £2.5m.
Comprising three adjoining ground floor shops together with three maisonettes on the upper floors, the property generates a total annual rental income of £157,000 with the shops occupied by Vision Express and The Sushi Co. On the upper floors one maisonette is currently vacant with potential for AST income, and two maisonettes have been sold off.
Charlie Powter of Acuitus comments: “Located on the affluent and busy Chiswick High Road, this retail parade offers numerous opportunities with retail tenants on 10-year leases, a vacant flat available, and development potential of the land and buildings to the rear subject to consents”.
In Muswell Hill, a prime freehold retail and residential investment opportunity is being offered at a guide price of £1.675m. The 3,090 sq ft property comprises a ground floor shop – which is let to Pret A Manger until 2037 and has five-yearly rent reviews with an upcoming review in 2027. It also comprises a separately accessed one-bed flat on the first floor and a large three-bedroom maisonette on the second and third floors. In total, the property generates £103,800 in annual rental income.
David Margolis of Acuitus comments: “In affluent Muswell Hill, this highly desirable location is one of notable interest to investors, and offers a rare competitive mixed-use opportunity in a prime location in the Capital”.
A number of other assets in the Capital also feature in the catalogue:
Further lots in the sale include a freehold bank investment on the High Street in Staines-upon-Thames where the lease has recently been renewed to Barclays Bank on a 10-year term. The property generates £140,000pa and has a guide price of £1.6m.
In Romford, a well-known restaurant that is currently trading as The Ivy Tree, is being offered with a guide price of £1.25m and generates annual rental income of £120,000.
Richard Auterac, Chairman of Acuitus comments: “London assets remain a top priority for many investors and the quality of the properties in this auction will attract a high level of interest.
“The catalogue also features a wide range of value-add opportunities from across the UK including commercial ground rents, development opportunities, High Street retail, and industrial warehouses.”
The Acuitus auction will take place on May 15th at 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
