Acuitus’ latest auction, which
took place on Thursday 13 July, raised £52.4 million across 67 lots sold, with a
success rate of 83%. Fifteen of those lots went for £1 million or more.
Chairman Richard Auterac
commented: “As we head into the summer break, this was an emphatic message from
investors about their sentiment towards commercial property. If assets are
priced correctly and professionally and thoroughly exposed to the market, they
will find buyers. There is definitely a head of steam from investors to continue
buying well into the summer months.”
The biggest sale on the day was a highly
reversionary leasehold investment in London’s Bloomsbury. Entirely let to
University College London at £513,00 per annum and with a significant rent
review due in 2011, it sold for £4.675 million at a net initial yield of 10.6%.
Other notable sales included a retail park arranged over 3.45
acres in Speke, Liverpool. With tenants including Matalan, Next and
Poundstretcher, and an annual rental income of £701,144, it sold for £3.7
million (17.79%). Meanwhile, a business park comprising 18 units in Hinckley,
Leicestershire, with an income of £89,040 per annum, raised £1.2 million (7%).
Acuitus’ next auction will take place at the Radisson
Blu Portman Hotel, 22 Portman Square, London W1H 7BG on Thursday 19 October.