Acuitus had a strong finish to
2015, with their final auction of the year raising over £45 million across 57
lots at a success rate of 88%.
Of those, 15 sold for over £1 million, and the
average yield achieved was 7.5%.
Among the properties sold was a 5,043
sq ft retail store in Wood Green, London. Let until 2026 to Holland &
Barrett at a rent of £111,200 per annum, it fetched £2.1 million, at a yield of
5%. Meanwhile, a 20,715 sq ft Gala Bingo Hall in Birmingham sold for £1.27
million at a yield of 6.1%.
Auterac commented: “This was an emphatic conclusion to our 2015 auctions. The properties in the main are from portfolio
break-ups, receiverships and asset rationalisations by investment institutions
and funds selling their smaller properties. These are being snapped up by the
growing volume of private investors who recognise the convenience of having a
wide choice of investments in one catalogue.
“We expect the growing
momentum that we have seen in the auction room since the summer to carry
through into next year. We are already preparing the catalogue for our first
2016 sale, so we are expecting a busy festive season.”
The first Acuitus auction of 2016 will be on 11
February at the Radisson Blu Hotel, Portman Square, London W1.