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Savills kicks off brace of May sales with 150-lot catalogue

Savills will offer 150 mixed-use, residential, commercial and development opportunities in the first of two auctions in May. 

A freehold supermarket investment in Ivybridge, Devon, generating £189,000 pa is being offered with a guide price of £2.25m. The 12,000 sq ft store is let to the Co-op on a lease expiring in June 2028. 

Also in Devon, a waterfront double retail unit on Brewery Quay in Salcombe is guided at £485,000.

And in Portsmouth, three commercial units with eight floors of office space above, with planning granted for change of use from offices to student halls, has a guide price of £1.6m.

Among the residential highlights is a four-bedroom terraced house on Arlington Road in Camden, NW1, in need of modernisation. The guide price is £1.35m.

Also offering potential for enhancement is Capland Farm in Taunton, Somerset. The Grade II listed farmhouse (pictured), which comes with land totalling about three acres and a range of stone outbuildings, is guided at £595,000.

Robin Howeson, head of Savills’ auction team, said: “We are delighted to be releasing another robust catalogue so soon after our latest April sale. Having kicked off the year up with a strong start, up 40% on the same period last year, we are expecting to see a continued appetite among auction buyers.”

The sale will take place on 10 May. The second sale of the month will be held 31 May.

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Photo from Savills

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