Retail and leisure investments in London make up the majority of the 35 lots on offer at Acuitus’s December auction.
A 3,642 sq ft supermarket at 100 New Kings Road, SW6, leased to the Co-Operative Group until October 2032 at an annual rent of £124,070, is being offered with a guide of £1.4m.
Acuitus director Charlie Powter said: “Supermarket investments in residential areas have been a mainstay for the market for many years, offering owners reliable revenue streams from long-term occupiers and well-known tenants.”
A 5,370-sq ft public house in South Woodford is on the market with a guide price of £1.4m. The property, currently trading as the Slug & Lettuce, is let until 2039 and produces an annual income of £170,892.
Other highlights include:
- a high-street retail and residential investment in Elephant & Castle, which has a guide price of £1.1m and produces £81,539 in rental income;
- a residential asset above Boots on Camden High Street, which has a guide of £1.1m-£1.15m and an income of £73,800 from three assured shorthold tenancies; and
- a freehold bar/restaurant investment at 247-249 Lavender Hill in Clapham, London, SW11, guided at £1m+ with an annual income of £81,200.
Investment director John Mehtab said: “London-based assets have historically been an important driver in the commercial property market, and what we are seeing is that a slice of the capital is still a desirable addition to any investor’s portfolio.”
Two trade counter investments, in Sleaford and Ayr, are also on the market. Both properties are let to Travis Perkins until November 2031 on five-yearly, upward-only rent reviews with minimum annual uplifts of 3% compounded. The guide prices are £950,000 and £800,000 respectively, which would reflect yields of between 7% and 8%.
Acuitus’s Scotland consultant Mhairi Archibald said: “The combination of strong covenants and reliable long-term occupants have been driving investor interest in these properties and we expect to see similar in this auction.”
The auction will be streamed online on Acuitus’s website on 13 December.
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