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

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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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