Property Auctions - commercial investment
Auction date: Thu, 25/07/2024 - 17:00
Guide Price £380,000. Vacant seafront cafe and retail premises. Freehold of a Grade 2 Listed building. Prominent location and panoramic views. Cafe seating area, kitchen and preparation areas.
Auction date: Wed, 17/07/2024 - 09:00
Guide Price £125,000 - £150,000. A high yielding town centre commercial investment comprising two adjoining properties (mid and end terrace) with separate accommodation. No.75 is arranged over three storeys and is let in full to an established DIY / Hardware tenant at £58,236 per annum whilst No.74, ground floor only, is let at £1,080. Collectively they currently produce a rental income of £59,316 which represents a yield well in excess of 30% (if purchased at auctioneer's quoted guide price). No.75 Market Place requires considerable remedial works to the external fascia, principally the frontage, and condition reports are included within the legal pack. The current tenants have also has served a section 26 notice for a new 10 year business tenancy at £40,000 per annum effective November 24. This is reflective of the inconvenience of the repair works required.
Auction date: Thu, 18/07/2024 - 14:30
Guide Price £100,000+. Long lease ground floor, commercial unit let under a licence agreement at a current rent of £9,000 per annum. Tenure - Leasehold - 125 year lease from the 25th March 1980 - (approximately 81 years remaining).
Auction date: Thu, 27/06/2024 - 10:00
Guide Price £465,000+. Excellent income producing commercial investment available with part vacant possession of one small unit, and income when fully let of £52,500.
Auction date: Thu, 27/06/2024 - 10:00
Guide Price £170,000. A large ground floor retail unit totalling approximately 222.50 sq m (2,395 sq ft) and first floor ancillary store/offices totalling approximately 42.73 sq m (460 sq ft). The building offers scope to convert into a mixed use building, let as is or reconfigure into smaller units all subject to obtaining the necessary consents. Currently Let until 2027 and producing £18,000 per annum.
Auction date: Wed, 19/06/2024 - 13:00
Guide Price £650,000. Freehold Blue Chip Convenience Store Investment. The site extends to 18,680 square feet. With dual customer access from both the front and rear of the property. Let to until February 2030. The property is arranged on a ground floor only. Current passing rent of £99,588 per annum with fixed increase to £112,765 in February 2025.
Auction date: Wed, 19/06/2024 - 13:00
Guide Price £80,000+. Freehold Retail Investment producing £8,496 Per Annum. Internal Accommodation Approximately 77.95 sq m (839 sq ft) NIA. On a Site of Approximately 0.034 Hectares (0.083 Acres).
Auction date: Thu, 06/06/2024 - 12:00
Guide Price £240,000. Gross Yield 10.4%. Forming part of a mid-terrace building comprising a Large Ground Floor Retail Unit with internal access to Ancillary Accommodation at rear first floor level. The property is let on a full repairing and insuring lease by way of service charge for a term of 35 years from 2nd November 2021 (excl. s.24-28 of L&T Act 1954) at a current rent of £25,000 per annum exclusive rising to £28,000 p.a. in 2028.
Auction date: Thu, 06/06/2024 - 12:00
Guide Price £100,000. A mid terrace building comprising a Ground Floor Shop with internal access to Ancillary Accommodation on the first floor. In addition there is also separate access from a rear service area. The property was previously let at £22,000 p.a.
Auction date: Thu, 06/06/2024 - 12:00
Guide Price £250,000+. Commercial Investment – Gross Yield 12%. Forming part of a parade comprising a corner Public House on the ground floor and basement. Leasehold for a term of 125 years from 25th December 1988 (thus having approx. 89½ years unexpired) at a peppercorn ground rent. The entire property is let on an effectively full repairing and insuring lease for a term of 15 years from 27th October 2023 at a rent of £30,000 per annum exclusive. The rent is currently £27,000 p.a. rising to £30,000 p.a. in October 2026 and the Vendor will make up this rent shortfall on completion.