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Commercial Auction Summer Review 2016
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2016 auction sale highlights

February

Lot 8 -12 London NW10 Mixed Use Six shops with maisonettes above. Total rents £135,550 pa. *As a total of individual lots
SOLD £3.305M* 3.9% NIY
Lot 79 Ruislip Manor Mixed Use Comprising 13 shops, self contained vacant offices and eight flats/maisonette with development potential.
SOLD £7.2M 3% NIY

February

Lot 86 Nottingham Retail Well located shop let to The Works Stores Ltd at £80,000 pa on a new 10 year lease at a rebased rent.
SOLD £1.18M 6.4% NIY
Lot 94 Halifax Retail Park Comprising five retail units and car parking. Total Rents £141,308.50 pa plus one vacant unit.
SOLD £1.550M 8.6% NIY

March

Lot 14-22 Whitton Mixed Use A break up of a parade of nine shops with residential accommodation above. Total rents £305,830 pa. *As a total of individual lots
SOLD £6.085M* 4.8% NIY
Lot 24 Mottingham Road, London SE9 Mixed Use A mixed use parade of 13 shops, flats and garages.
SOLD £3.350M 5.7% NIY

March

Lot 92 Kew Restaurant An attractive and well located PizzaExpress with nine years unexpired.
SOLD £1.550M 3.1% NIY
Lot 103 Gosport Ground Lease Let to ASDA Stores Ltd at £249,850 pa, 84 year unexpired.
SOLD PRIOR £5.250M+ 4.3% NIY

May

Lot 12 Lymington Industrial Comprising three unit’s totalling 17,291 sq. ft. let to Scorpion Ribs at £99,500 pa until 2020.
SOLD £1.1M 8.6% NIY
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 £2.1M 5.6% NIY*

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 Limited at £57,000 pa.
SOLD £1.065M 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
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