A freehold retail investment with newly developed flats above in Golders Green, NW11, is likely to be sought after by private investors in the first Acuitus sale of 2021.
The investment (lot 9, pictured) comprises a ground floor shop let to a hardware and household goods shop at £50,000 per annum and eight flats ready to be let. It is guided at £4.25m-£4.5m.
The catalogue of 24 lots for the 11 February sale also includes four banks let to Santander, which are being offered on behalf of a major UK fund manager. Let on new five-year leases, the properties in Hampshire, West Sussex, West Midlands and Essex, produce annual rents ranging between £22,200 and £27,500. They are guided between £320,000 and £400,000 (lots 1, 7, 13 and 14).
Acuitus chairman Richard Auterac said commercial property auctions would “continue to be a conduit for investment, enabling buyers and sellers to interact despite the continued disruption of lockdowns”.
“There is buyer demand across all property sectors, including high street retail, and early indications are that investment activity will not be impacted as it was when the first lockdown was announced almost a year ago,” he said.
Other lots in the sale include:
- Knowsley Village Medical Centre, Liverpool (lot 10): Long let purpose-built doctors surgery producing £70,000 pax. Guide price: £950,000+
- Union Street, Aberdeen (lot 16): Heritable supermarket investment let to Tesco on a new 15-year lease (subject to option). Producing £79,000 pax. Guide price: £1.1m
- Diss, Norfolk (lot 8): Substantial unbroken retail and residential parade with development potential. Producing £171,000 pax. Guide price: £1.7m-£1.8m
- Farnham Common, Bucks (lots 2-5): Four lots comprising mixed-use ground floor retail and split-level maisonettes on floors above. Units currently producing between £22,500 and £27,000 pax. Guide prices: Each at £400,000
To send feedback, e-mail julia.cahill@egi.co.uk or tweet @EGJuliaC or @estatesgazette
