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Commercial Auction Annual Review 2016
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2016 selection of typical sales

February

Lot 81 Walton on Thames Bank Let to Barclays Bank at £120,000 pa on a lease expiring in 2026 (TBO 2021).
SOLD £2.3M 4.9% NIY
Lot 86 Nottingham Retail Well located shop let to The Works Stores Ltd at £80,000 pa on a lease expiring in 2025 (TBO 2020).
SOLD £1.18M 6.4% NIY

February

Lot 87 Waterlooville Retail Convenience Store let to Tesco Stores Ltd at £50,000pa on a lease expiring in 2031 (TBO 2021).
SOLD £775K 6.1% NIY
Lot 94 Halifax Retail Park Comprising five retail units and car parking. Total rents £141,308.50 pa plus one vacant unit.
SOLD £1.55M 8.6% NIY

March

Lot 51 Wolverhampton Car Park Car park let to NCP Ltd at £41,689 pa with annual fixed increases to 3%. Reversion 2037.
SOLD £837K 4.98% NIY
Lot 92 Kew Restaurant An attractive and well located PizzaExpress with nine years unexpired.
SOLD £1.55M 3.1% NIY

March

Lot 103 Gosport Ground Lease Let to ASDA Stores Ltd at £249,850 pa, 84 year unexpired.
SOLD PRIOR £5.25M 4.3% NIY
Lot 119 Swansea Motor Trade Tyre depot let to Kwik-Fit Properties Ltd on a lease expiring 2023 at £41,000 pa.
SOLD £660K 6.21%

May

Lot 48 Luton Office A freehold office block of 17,626 sq. ft. let with development potential. Total rents £124,584.75 pa. *£119psf Cap Val
SOLD AFTER £2.1M 5.6% NIY*
Lot 93 London N3 Retail Shop let to Mecca Bookmakers (t/a William Hill) until 2021 and two flats let on ASTs. Total rents £57,080 pa.
SOLD £1.52M 3.76%

May

Lot 101 Brighton Leisure Grade II listed pub investment let to Greene King plc until 2034 at £307,971 pa with fixed annual rental uplifts by 2023.
SOLD £4.1M 7% NIY
Lot 121 Liverpool Leisure McDonalds Restaurant and Drive-Thru let at £66,600 pa until 2026.
SOLD £1.1M 5.7% NIY

July

Lot 8 London SW19 Mixed Use Virtual Freehold convenience store investment, let to Co-operative Group Food Ltd at £57,000 pa.
SOLD £1.06.5M 5% NIY
Lot 88 Loughton Mixed Use Freehold Shop and Residential Investment, let to Café Nero. Total rents £58,700 pa
SOLD £1.05M 5.3% NIY

July

Lot 100 London N7 Retail Let to Everything Everywhere Ltd trading as EE at £57,000 pa.
SOLD £1.56M 3.4% NIY
Lot 103 Bolton Ground Rent Freehold Industrial Ground Rent Investment. Let to Vernacare Ltd until 2132 at £69,500 pa.
SOLD £1.52M 4.3% NIY

October

Lot 12 Luton Investment Let to Bright Horizons Day Nursery at £104,744 pa. Reversion 2030.
SOLD £1.84M 5.69% NIY
Lot 26 Bolton Retail Well located shop let to Ladbrokes Betting and Gaming Ltd until 2026. Current rent £70,000 pa.
SOLD £1.01M 6.93% NIY

October

Lot 30 Keighley Leisure Modern Drive Thru Restaurant let to McDonald's Restaurants Ltd at £73,525 pa. Lease expires 2026.
SOLD £1.42M 5.18% NIY
Lot 108 London SE20 Retail Large unbroken parade comprising 12 shops, 14 flats, 5 maisonettes and 2 ad hoardings. Total rents £307,345 pa plus 1 vacant shop.
SOLD £6M 5.12% NIY

December

Lot 4 Tonbridge Retail Town centre shop and flat let to Greggs until 2022 at £24,000 pa.
SOLD £525K 4.57% NIY
Lot 13 London NW5 Retail Well located Parade of a convenience store and 5 shop units in fashionable Kentish Town.
SOLD £4.06M 5.62% NIY

December

Lot 163 Dartford Retail Town centre unit let to Iceland Frozen Foods Ltd until 2025. Total rent £144,000 pa.
SOLD £2.91M 4.95% NIY
Lot 175 King's Lynn Motor Trade Tyre and Exhaust Depot let to Kwik-Fit until 2032 (no breaks). Total rent £93,901 pa.
SOLD £1,37M 6.85%
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