Feb ’18 Auction Analysis – Buyers becoming more Selective in 2018

Our latest Auction blog has been published on Property Forum, an online space dedicated to investment property news. Click here to read the full article.

Below is a summary of the article content and deals analysed this time around:

We transacted on the below blue-chip investments in the February auctions - full analysis is provided on the Property Forum website here.

Lot 67 - McDonald's, Leicester

Mcds Leicester

Description: Freehold city centre restaurant investment

Tenancy: Let to McDonald’s Restaurants Ltd until 2036 (no breaks) for £109,000 FR&I

Location: Good location in pedestrianised town centre

Guide Price: £2m+ (5.5%)

Result: Sold Prior (ca. 4%)

 

 

 

Lot 35 - Tesco Express & 2 Restaurants, Ickenham, Greater London

Tesco, Ickenham

Description: Freehold convenience store, restaurant & residential ground rent investment

Tenancy: Convenience store let to Tesco until 2023, Restaurants for a further 10 years, total rent £89,365 p.a. FR&I

Location: On a busy commercial parade in an affluent north-west London suburb

Reserve Below:  £1,250,000+ (7.1%)

Result:  £1,405,000 (6.4%)

 

 

Lot 101 - Papa John's, Newport

Papa Johns Newport

Description: Freehold takeaway & residential ground rent investment

Tenancy: Takeaway let to Papa John's for 15 years from 10/02/2017 (TBO 10th year) for £12,000 p.a. and Flats sold off on long leases for £100 p.a. FR&I

Location: Arterial road in a residential suburb 1 mile from the city centre

Guide Price:  £155k + (7.8%)

Result:  £168k (7.2%)

 

 

 

 

If you are looking for a commercial property investment by auction or privately we can assist. We have a number of off-market investments available now, and will be actively buying and selling in the upcoming March auctions. Please contact Nilesh to discuss further or Register with us here.

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Current Opportunities

In Auction
£ 2,350,000

Development Site with Planning, Leicester

510 Melton Road, Leicester, Leicestershire, LE4 7SP
Call for price

Gym & Cafe, Liverpool

Lower Ground Floor, Silkhouse Court, 7 – 17 Tithebarn Street, Liverpoool, L2 2DP
Call for price

Heron Foods, Crewe

Heron Foods, site of former Merlin PH, Bradfield Road, Leighton Crewe CW1 3RH
Call for price

Co-op Food, Loughborough

Co-Op KnightThorpe Road, Loughborough, Leicestershire, LE11 4JX
Current Opportunity
£ 1,000,000

Vacant Restaurant & 3 Flats with Development Potential, Newington

53-57 High Street, Newington, Kent, ME9 7JJ
£ 50,000

Vacant (To Let) Retail Unit, Doncaster

Formerly The Factory Shop, Scrooby Road, Harworth, Doncaster, Nottinghamshire, DN11 8JW

Vacant Former Post Office, Pinner, Greater London

Ground Floor Unit, 67 Bridge Street, Pinner, HA5 3JB
Call for price

Sainsbury’s, Pharmacy & Restaurant, Wootton

Berryfields Local Centre, Fields Road, Wootton, Bedfordshire, MK43 9FZ
Call for price

Mixed Parade (8 shops & 2 offices), Ashton-under-Lyne

37-49 Warrignton Street, Ashton-under-Lyne, OL6 7JG
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Iceland, Hucknall

Iceland, Ashgate Road, Nottingham, NG15 7AQ

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