As queues for fuel formed across the UK last week, investors at Acuitus’s latest commercial property auction showed similar persistence for a petrol filling station investment. The freehold asset in Willesden, London NW10, sold for £4.575m at a net initial yield of 3.6%. It was the largest lot sold under the hammer at a sale which raised £23.57m in total.
Let on a new 30-year lease to Euro Garages with no breaks and fixed rental increases throughout the term, the filling station is close to London’s North Circular; produces annual income of £180,000; and includes a Spar convenience
SDL Property Auctions has many reasons to celebrate after a spectacular September of sales which saw it hold the biggest live-streamed auction in the UK for the second month running – and reach the shortlist in two prestigious Negotiator Awards categories.
There are no signs of a post-stamp duty holiday slump for SDL Property Auctions, with high demand all month long from buyers in Timed Auctions on its website and in its record-breaking live-streamed auction on the last day of the month.
Managing director and auctioneer Andrew Parker said: “We held our live-streamed auction
While the tiny shop in Blackwood, South Wales, may not be ideal for all businesses it is on a busy street and so will have plenty of footfall. The guide price for the shop is £27,000 at auction.
One of the smallest shops in the UK that is so narrow that you can touch opposite side walls with your arms outstretched is going up for sale.
Located on High Street in Blackwood, South Wales, the Central Buildings property is just 4.5 feet wide with a depth of 28 feet, reported Media Wales.
The empty retail property, sandwiched between a shoe shop and an opticians, will come up at auction in
Property Auctioneers, Smith and Sons, has raised £2.76 million at its latest property auction with 70% of lots sold, and other sales currently in the pipeline.
The online property auction once again attracted strong interest, with several lots generating final sales prices far above the guides.
Stand out lots include Radcliffe Road in Liverpool, a three-bedroom terraced house that sold at £88,250 against a guide of £55-60,000, a two bedroom terraced home on Larch Road in Birkenhead which sold for almost double the guide at £61,250 and another house in Howson St which reached £66,750
A 165-year-old former church in the Scottish Borders is among the stand-out properties coming up for sale at Bond Wolfe’s next auction on Wednesday 20 October.
The property needs extensive repairs and renovation and so is listed with a guide price* of just £30,000+ which is set to attract investors and those looking for a passion project requiring imagination and building skills.
The former Erskine Parish Church at 9 High Street, in the small town of Langholm in Dumfries and Galloway, was once the community’s North United Presbyterian Church.
Built in the Gothic style
An impressive property in Worcester that’s already drawing nearly £19,000 rent and has huge development potential is coming up at Bond Wolfe’s next auction on Wednesday 20 October.
The lot at 24-25 The Tything is located opposite the renowned RGS Worcester School and has a guide price* of £395,000+.
It includes two self-contained retail units on the ground floor bringing in rents of £10,800 and £7,500 per annum respectively, plus another £600 a year coming from a licensed parking space.
Upstairs is currently vacant accommodation of four offices, a kitchen and
Auction House London is considering whether to bring its sales back into the auction room in the near future.
Auctioneer and director of Auction House London, Andrew Binstock says that any decision to move away from livestream sales – which have been the only method of buying and selling during the pandemic – will have to be carefully considered.
He explains: “Livestream sales have been a spectacular success – more than we could have imagined. We have had some of our highest sales figures during Covid and we’re seeing three to four times the number of people engaging with our auctions as
A popular shop with six residential rooms above and behind is in a mixed-use property coming up in Bond Wolfe’s next auction on Wednesday 20 October.
The fully let, freehold building at 34 Port Street in Evesham is bringing in total annual rents of £41,400 – representing a healthy yield of more than 12 per cent, if based on the £320,000+ guide price*.
The property is fronted by a self-contained tattooist called Full On Ink, rented out at £9,600 a year until the end of March 2023.
A coach house behind and five rooms above the shop bring in additional annual rents
Three properties in the West Midlands bringing in annual rents of nearly £93,000 are up for sale with Bond Wolfe for a combined guide price of £1,495,000.
The Birmingham-based agents are acting for the same vendor in seeking buyers for the portfolio of modern, purpose-built blocks with a total of 15 self-contained apartments across the three sites. They include:
- Coppice Court (pictured), at 57 Coppice Road in Walsall Wood, where five apartments are producing £32,940 rents per annum.
- Heath Street Mews, on Heath Street, Hednesford in Cannock, where four apartments are producing £23,760
Sutton Kersh's first auction of the final quarter of the year saw over 500 bidders registered and 80% of properties listed sold, with a total sales value of over £11.5 million. The team offered 96 lots on the day after selling over £3.1 million worth of property prior to the actual online event.
Lot 1 received an exceptionally high amount of interest; a three-storey end-terraced property in the heart of Woolton Village, L25, comprising of a ground floor café together with a three-bed flat above over the first and second floors. It had a guide of £215,000 and sold for £340,000. Lot 7, a