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Commercial Auction Summer Review 2017
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2017 selection of typical sales

February

Lot 22 Chesterfield Retail Convenience store let to Co-Operative Food Group Ltd on a new 15 year lease (no breaks) at £49,725 pa with RPI linked reviews.
SOLD £970,000 4.85% NIY
Lot 44 Basingstoke Industrial Modern industrial estate comprising 15 units totalling 17,879 sq ft. Total net rent £117,752 pa.
SOLD £1.51M 7.35% NIY

February

Lot 82 Newbury Retail Prime shop in pedestrianised town centre let to Shoon until 2026 at £57,000 pa.
SOLD £850,000 5.80% NIY
Lot 85 Epsom Retail Town centre opticians, dentist and a flat let at a total of £86,700 pa.
SOLD £1.68M 4.86% NIY

March

Lot 18 East Grinstead Retail Three shops, dental practice, maisonette and two flats. Tenants include Vision Express and Millets. Total rents £68,500 pa plus two flats with VP.
SOLD £1.4M 4.61% NIY
Lot 80 Stow-on-the-Wold Bank Let to Lloyds Bank until February 2022 at £53,700 pa.
SOLD £1.08M 4.70% NIY

March

Lot 92 London W1 Retail Situated in the heart of Soho and let to Pizza Express (Restaurants) Ltd at £175,000 pa.
SOLD AFTER £4.7M 3.50% NIY
Lot 96 London N22 Retail Two well located shops and a maisonette. Total rents £122,983 pa. Includes lapsed planning for residential development.
SOLD £2.45M 4.72% NIY

May

Lot 10 London E6 Bank Let to Barclays Bank until 2026 at £95,000 pa. Residential potential to the upper parts.
SOLD £2.14M 4.18% NIY
Lot 39 Yeovil Industrial Warehouse unit of 26,146 sq ft on the Lynx Trading Estate. Let to Yodel until 2022 at £136,400 pa.
SOLD £1.75M 7.34% NIY

May

Lot 98 Basingstoke Bank Large town centre Barclays bank let at £200,000 pa until August 2026 (no breaks).
SOLD £3.34M 5.62% NIY
Lot 100 Melksham Retail Supermarket let to Waitrose until 2025 at £235,000 pa. Substantial 2.27 acre site with 136 parking spaces.
SOLD £3.25M 6.79% NIY

July

Lot 10 London E6 Retail Well located shop entirely let to WHSmith Plc until 2028 at £111,800 pa.
SOLD £2.26M 4.65% NIY
Lot 15 Huntingdon Retail Large retail unit let to Iceland Foods Ltd until 2029 (no breaks) at £95,000 pa.
SOLD £1.665M 5.37% NIY

July

Lot 93 London SW5 Retail Well located shop let to Holland & Barrett plus four flats sold off on long leases. Total rents £120,420 pa.
SOLD £2.24M 5.06% NIY
Lot 100 St Albans Office Substantial office building of 22,089 sq ft let to a charity and The Secretary of State. Total rents £388,844 pa.
SOLD £7.1M 5.14% NIY and £321 psf
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