Sub £1m Investments For Sale in Auction, October ’17

All of the below properties are for sale in the various national commercial auctions in October (sorted in date order). Click the titles to view their catalogue entries online.

As experienced buyers and sellers of auction property, we have also summarised who we think the right buyers for each lot would be – so if any of these fit your bill, we would advise you have your lawyers look over the documents ASAP. You can of course contact the auctioneers directly to discuss further, alternatively please contact Nilesh from our team on 0203 113 2142 / nilesh@pridemanagement.co.uk.

If you are looking for investments above £1m, do contact us to discuss separately, as these have not been listed here. And either way do ensure you are registered with us in order to have sight of investment opportunities earlier.

Ponden Home, Newmarket, Suffolk

Ponden Newmarket 1

Freehold whole building, large unit

2 years

£27,360 p.a.

Guide: £275,000+ (10.0%)

Auction: Allsop, 17th October

Our Comment: Good for a portfolio investor. High initial yield with good re-letting potential if tenant vacates given unit size and potential to split it into two.

 

 

Europcar, Liverpool

Europcar Liverpool 1Freehold whole building with parking

14 years

£34,000 p.a.

Guide: £540,000+ (6.3%)

Auction: Acuitus, 19th October

Our Comment: For an investor. Solid long-term investment, financeable too. We have recently sold two similar lots in smaller towns for ca. 5.9% gross and would expect similar here.

 

 

Domino’s Pizza, Edenbridge, Kent

Domino's EdenbridgeFreehold whole building with parking

7 years until break

£14,500 p.a.

Reserve below: £280,000 (5.2%)

Auction: Barnett Ross, 25th October

Our Comment: For an investor. Nice small lot in an affluent town. Low yield is due to very low rent. Secure long-term investment.

 

 

Shop, Clinic & Flat, Northwood, North-West London

Northwood ClinicFreehold whole building

Lessee holding over

£12,000 p.a.

Reserve below: £350,000 (3.4%)

Auction: Barnett Ross, 25th October

Our Comment: For a local investor / developer or occupier. The unit is well under-rented (ERV = £30k p.a.) so either renw lease at raised rent, vacate tenant altogether or negotiate to take back the flat and obtain planning to separate its access.

 

 

Part-Vacant Offices with Resi Conversion Potential, Lewisham, South London

Lewisham 1Freehold whole building, 1st/2nd floor separate from ground floor

Ground floor vacant, uppers on 3 year lease

£10,000 p.a. (uppers only)

Reserve below:  £360,000

Auction: Barnett Ross, 25th October

Our Comment: For a small value-add investor / developer or local occupier. Need to let downstairs and in 3 yrs convert the upper offices to residential using permitted development rights.

 

Ground Rent, Edgware, North West London

Ground Rent EdgwareFreehold whole building (fully sold off on 250 year leases)

Peppercorn rent

No Reserve

Auction: Barnett Ross, 25th October

Our Comment: For a ground rent investor, who will derive a small but highly secure income from managing this property and billing the long leaseholders.

 

 

 

 

 

Vacant Pub with Planning for 5 Flats, Plumstead, South-East London

PlumsteadFreehold whole building with parking and garden

Vacant

With planning permission to build 5 flats above and extend ground floor commercial unit

Guide: £850,000+

Auction: Allsop Residential, 26th October

Our Comment: For a developer or owner-occupier, who can either see the planning through and then let the commercial unit out, completely reconfigure the planning and go for a new build scheme or leave the property as is and take up occupation.

 

 

Click here to read more about our Auction investment services, and don’t hesitate to get in touch with one of our team to discuss further.

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