Acuitus will offer its largest catalogue so far this year in its July auction with 54 lots, nearly a quarter of which have guide prices in excess of £1m.
The 13 July live-stream sale will include a freehold Travelodge hotel investment in Preston, Lancashire, (pictured) with a guide price of £3.25m-plus. It produces an income of £231,081 per annum.
The 72-room property with a bar/restaurant and secure under croft parking is let on a 25-year lease with options to extend until 2041.
Uncapped RPI-linked rent reviews will increase the rent to a minimum of £292,420 pa in March 2026.
Acuitus investment director John Mehtab said: “The hotel sector is thriving again and the value operators are doing particularly well in the current climate.
“We have just sold the Travelodge in Newcastle, and we expect this Travelodge to generate significant investor interest.”
The auction also features a freehold retail and residential investment on the High Street, Banstead, Surrey, which produces £194,925 and has a guide of £2.5m-£2.6m. The lot consists of three let shops, plus 3,000 sq ft of vacant and separately accessed office space on the first floor, with an immediate change of use opportunity. The property also has secure parking to the rear.
Other substantial lots include the 29,635 sq ft Alpha Court freehold office park on the outskirts of York, which produces £331,725 in rent and has a guide price of £2.75m-£3m.
A Grade I listed cinema in Salisbury which, currently produces income of £64,422 per annum, is guided at £850,000-plus. The 31,969-sq ft property has been operating as a cinema since 1931 and is let on a long-lease to Odeon Cinemas until 2089 without break.
Other lots in the July catalogue include high street assets, industrial investments, a day nursery and a shopping arcade, with sellers including receivers, institutional clients, fund managers and public and private property companies.
To send feedback, e-mail julia.cahill@eg.co.uk or tweet @EGJuliaC or @EGPropertyNews
