Acuitus will offer 30 lots in its live-streamed commercial property auction on 9 July and has announced plans for an additional autumn sale.
Chairman Richard Auterac said: “Even though the overall social and economic situation remains fluid, we have already seen sustained investor demand at our May auction, and we want to ensure that our selling and buying clients have the best opportunities to access the marketplace when they need to.
“For this reason, we shall hold an additional live-streamed auction on 23 September and additionally have available single-lot online auctions for clients who want a bespoke and flexible sales route that is immediate and has comprehensive market reach.
“Subject to government guidance and the wishes of our clients, we are also looking to return to room auctions as soon as is possible and prudent.”
The July catalogue includes a major freehold city centre development opportunity on Castle Street in Salisbury (pictured), which has planning permission for 66 flats (lot 14). The property comprises a 40,236 sq ft office with 40 car parking spaces on a 1.15-acre site and is being sold with vacant possession. It is guided at £3m-£3.1m.
Other lots in the sale include:
- 255 Chiswick High Road, London, W4 (lot 5): a well-located shop with two self-contained flats let on ASTs in an affluent west London suburb. Producing £81,900 pax. Guide price: £1.5m+
- NCP car park, Southport station, Merseyside (lot 9): a car park let to NCP. Approx. 2.65 acres with 419 parking spaces. Producing £127,672 pax with annual 3% uplifts. Guide price: £1.7m-£1.75m
- 4/5 Oxford Street, Swansea (lot 10): a prime retail investment let to River Island on a recently renewed lease at rebased rent of £125,500 pax. Guide price: £875,000-£900,000.
The auction will be broadcast via live stream on the Acuitus website and remote bidding will be available by telephone, online and proxy.
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