Acuitus’ final auction for 2017, which
took place on Thursday 7 December, had a success rate of 79%, in the process selling
58 lots at a total of £42 million. That brings Acuitus’ total for the year to
over £300 million, its second largest annual total.
The biggest sale on the day was a substantial retail parade in Cheltenham,
which sold for £4.35 million at a net initial yield of 6.52%.
Other notable sales included a prominent bank on
Streatham High Street, London SW16, let to National Westminster Bank plc until December
2028, which sold for £1.04 million (4.54%) and a Costa Coffee Drive Thru in
Lichfield, let until 2031, which raised £1.15 million.
Richard Auterac commented: “This year we have substantially broadened our
seller base and been able to bring to auction the type of assets which meet the
needs of the growing numbers of private investors targeting the commercial
property sector. Our final auction of 2017 illustrated this with the sale of
investments across all property sectors and throughout the UK.”
Acuitus’ first auction in 2018 will take place
at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG on Wednesday
14 February. The deadline for enries is Wednesday 17 January.