A Kaspa’s dessert house in Canterbury could prove to be a sweet spot for investors in the next Savills auction on 10 November.
The shop, located in a prime High Street position, offers development potential on the three upper floors and is guided at £800,000 (lot 68, pictured). Kaspa’s has 8.5 years unexpired on a 15-year lease and pays £75,000 per annum.
In London, an Earl’s Court residential investment producing close to £245,000 per annum will go under the hammer with a guide price of £4m. The property, on Warwick Road, SW5, is a freehold five-storey unbroken mid-terrace building arranged as 14 self-contained flats (lot 33).
Also in the capital, a vacant three-bedroom mews house in John’s Mews, Bloomsbury, WC1, with planning permission to create additional residential floor space, is guided at £1.475m (lot 88).
Other opportunities include a regency period house on a 1.23 acre site in Bushey Heath, Hertfordshire, guided at £2.67m (lot 92).
Jeremy Lamb, auctions director, said: “As we return to the office with greater regularity, we’d expect to see a strong demand for development and end-user opportunities – particularly in the city centre and suburbs.
“There are also a number of commercial and retail investments to be had across the UK and in popular high street locations, ideal for those looking to make the most of the recent rate relief which should boost the retail sector. The confidence we have seen from the market is something that we’d expect to see continue through into this sale.”
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