A portfolio of freehold ground rent investments in Leeds is to be offered as five separate lots at auction next week.
Leading the portfolio is the property at Buslingthorpe Green Industrial Estate featuring three separate freehold sites totalling 1.99 acres, which is subdivided into seven leases producing £32,489 in annual rental income, has a guide of £600,000+.
David Margolis of Acuitus comments: “We previously sold a portfolio of ground rent investments for the same client in November last year and we are delighted to be instructed once again to market these properties. Ground rent investments give the opportunity for occupiers to purchase their freeholds, or offer long-term investors potential for significant capital gains”.
Two further ground rent investments are also available in Norwich city centre, to be sold on behalf of Norwich City Council, one at 22-24 Ber Street and the other at 36 Exchange Street. Both assets are predominantly retail and benefit from valuable reversions in 33 years and 25 years respectively.
Continuing the theme of retail a newly refurbished supermarket/convenience store investment in Axminster let to the Co-Operative group on a new 15 year lease with five-yearly CPI linked rent reviews without break is being offered with a guide price of £1.35m. The property produces £85,000pa in rental income, includes on-site parking for 14 cars and a vacant first floor Class E unit providing further opportunities.
In London, mixed use assets providing income from retail and residential occupiers with active asset management opportunities are being offered in Tooting, Purley, and Forest Gate. Producing total rent of £79,300pa, £49,270pa, and £44,750pa the properties are being guided at £1.1m, £600,000+, and £575,000 respectively.
Acuitus are once again acting for NatWest Bank in the rationalisation of their branch network. These former banks which are located in the best locations in their respective towns are being sold with vacant possession. The properties are in Lowestoft, Hinckley, Honiton, Smethwick, and Newmarket and have guide prices ranging from £125,000 to £275,000.
An Acuitus spokesperson comments: “These sales are important for our client and of course for us too, and it is pleasing to see the buildings being re-purposed. In many cases these will be converted into higher value uses which are perceived as being more relevant to today’s retail and residential offer in these locations.
“Our catalogue offers investors the last chance to add to their portfolios before the year-end and in many cases provide working stock for 2026. Following the budget announcements we believe residential buyers will be looking for further diversification into commercial property. Higher returns and an opportunity to add value must be now of greater appeal.”
The Acuitus auction will take place on December 11th at 1pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy. Further details here