The catalogue for the forthcoming Acuitus auction on September 18th contains 48 lots offering a wide range of asset types.
One of the highlights from the catalogue includes a high-yielding industrial and office park in Rotherham. The property which comprises a terrace of industrial units, two multi-let office buildings and parking for 180 cars is being offered with a guide price of £2.2m. The investment generates annual rental income of £367,841 from buildings of 55,000 sq ft on a site of 2.95 acres.
Charlie Powter of Acuitus comments: “Fully-let industrial/office parks are incredibly popular with investors looking for strong revenue streams and assets which may offer future asset management potential”.
A drive-thru investment, operating as KFC on the Isle of Sheppey, is being offered with a guide price of £1.475m. The premises is let to Clokken Limited, guaranteed by Kentucky Fried Chicken (Great Britain) Limited is let on a renewed 19-year term expiring in 2043, with five-yearly rent reviews at a current rent of £95,000pa.
John Mehtab of Acuitus comments: “Drive-thru investments offer investors long-term secure income from good covenants, and benefit from strong locations on major transport routes close to retail parks, as is the case with this property”.
A selection of public houses feature in the auction including the Baring Arms at 55 Baring Street in London’s Islington. The freehold is being offered with a guide price of £1.3m and is let to T&S Taverns on a lease until 2037 at a current rent of £80,000pa with five-yearly rent reviews.
Elsewhere in the sale, two long-let café/restaurant investments in Canterbury and Billericay are offered with respective guide prices of £1.4m-£1.5m and £1m-£1.1m. Both properties will be let to Loungers UK on new 15-year leases with no break options and at the guide prices offering yields of 8.5%.
While in Thame, Oxfordshire, a mixed-use retail and residential property is being offered with a guide price of £1.7m-£1.77m. This property comprises a retail unit let to Gail’s Bakery for 15 years until 2039 together with a three bedroom flat and a two bedroom flat, both let on ASTs. The entire property generates £110,400 in annual rental income.
Acuitus Chairman, Richard Auterac, comments: “Our auction catalogue offers a wide range of assets from industrial to leisure, while the more asset management-driven buyers will be attracted by the mixed-use properties and those which offer development angles”.
The Acuitus auction will take place on September 18th at 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
