Five trade counter investments let to Travis Perkins sold with sale prices ranging from £1.22m-£1.95m as the September Acuitus auction raised £31.39m from the sale of 85% of the lots offered.
The trade counter assets achieved yields ranging from 5.6%-6.8%. Charlie Powter of Acuitus commented: “Investments like these are very popular with investors. In this instance, all the lots benefitted from a strong covenant which has a consumer-resilient business, good unexpired lease terms and low site coverage”.
Elsewhere, a top of the range motor trade investment, operating as a Kwik Fit, with an
More than £18 million was raised for sellers in the sixth auction of eight this year by Clive Emson Auctioneers.
There were 180 lots listed across southern England and South Wales in the September auction by the regional land and property auctioneers.
James Emson, Managing Director, said: “Diverse lots bought included two houses on an acre of Kent countryside, for just under £1m, to £10 for a strip of roadway in Wokingham, Berkshire. Many buy-to-let and owner-occupier homes were also sold during the auction.”
In the same family ownership since the 1960s, two adjacent houses at Sellindge
A spectacular abandoned mansion, dating from 1905 and set in the Cambridgeshire countryside, has sold for £445,000 at Cheffins Auctioneers in Cambridge on Wednesday 27th September. The property, which was last occupied in the 1950s and then used for agricultural storage before falling derelict following multiple fires during its history, had a pre-auction estimate of £100,000 - £125,000.
Now with only the remains of what was once one of the grandest properties in the local area still standing, the brick-built property sits in 1.12 acres of overgrown gardens with a number
Land and roadways across Berkshire and North Hampshire went under the Clive Emson auctioneer’s gavel last week – for as little as £10. (wed 20 sept)
Three lots, one with 13 titles, were among 180 lots sold in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
The lots were:
l Lot 6: An array of 13 freehold titles, containing small parcels of estate land, adopted roadways and unusual strips of land across North Hampshire and Berkshire, including a strip of land close to Pangbourne Primary School on Kennedy Drive
A house arranged as three flats in central Worthing was sold at auction last week. (wed 20 sept)
Inner terrace 121 Clifton Road was among 180 lots in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.
Offered jointly with Ketchen King, it went under the gavel at £337,500 at the firm’s auction which ended on Wednesday 20 September.
The fully-let property generates £36,960 per annum in rent.
Senior Auction Appraiser and Auctioneer Richard Payne said: “We considered that this bay
Hosted from the firm’s salerooms in Cambridge, the Cheffins property auction on Wednesday 27th September will feature a series of unusual opportunities, including abandoned properties, land and commercial lots.
With the highest pre-sale estimate at £650,000 - £700,000, a three-bedroom bungalow in the heart of Wandlebury Country Park is set to lead the sale. In need of full refurbishment, the spacious property includes a separate self-contained annexe and a detached outbuilding that incorporates a double garage and large studio, together with extensive gardens with a greenhouse and fruit cages
In what will be its largest sale for three years, the Acuitus commercial property auction on September 21st will bring to market 62 lots with guide prices ranging from £50,000 to £3.75m.
Acuitus Chairman, Richard Auterac, comments: “The progressive growth of our sales demonstrates a sector in transition as owners re-align their holdings to changed market conditions and investors look to capitalise on new opportunities.
“Our proven ability to connect buyers with assets has generated our largest sale since 2020 and the diversity of sellers, from major private equity houses and UK institutions
The UK’s largest property auctioneer, Auction House, has sold a fifth more properties this year than the same period in 2022.
Between the start of January and the end of August, the group successfully sold 2,913 lots, compared to 2,424 last year – a rise of 20%. In the month of August alone (traditionally a quiet month for auctioneering) the group sold 269 lots, compared to 242 the year before – an 11% increase.
Auction House Managing Director Jeremy Prior said: “As these figures show, the auction market is simply getting busier and busier. But as a company, what we’ve managed to crack