Feb ’18 Auction Analysis – Buyers becoming more Selective in 2018

Our latest Auction blog has been published on Property Forum, an online space dedicated to investment property news. Click here to read the full article.

Below is a summary of the article content and deals analysed this time around:

We transacted on the below blue-chip investments in the February auctions – full analysis is provided on the Property Forum website here.

Lot 67 – McDonald’s, Leicester

Mcds Leicester

Description: Freehold city centre restaurant investment

Tenancy: Let to McDonald’s Restaurants Ltd until 2036 (no breaks) for £109,000 FR&I

Location: Good location in pedestrianised town centre

Guide Price: £2m+ (5.5%)

Result: Sold Prior (ca. 4%)




Lot 35 – Tesco Express & 2 Restaurants, Ickenham, Greater London

Tesco, Ickenham

Description: Freehold convenience store, restaurant & residential ground rent investment

Tenancy: Convenience store let to Tesco until 2023, Restaurants for a further 10 years, total rent £89,365 p.a. FR&I

Location: On a busy commercial parade in an affluent north-west London suburb

Reserve Below:  £1,250,000+ (7.1%)

Result:  £1,405,000 (6.4%)



Lot 101 – Papa John’s, Newport

Papa Johns Newport

Description: Freehold takeaway & residential ground rent investment

Tenancy: Takeaway let to Papa John’s for 15 years from 10/02/2017 (TBO 10th year) for £12,000 p.a. and Flats sold off on long leases for £100 p.a. FR&I

Location: Arterial road in a residential suburb 1 mile from the city centre

Guide Price:  £155k + (7.8%)

Result:  £168k (7.2%)





If you are looking for a commercial property investment by auction or privately we can assist. We have a number of off-market investments available now, and will be actively buying and selling in the upcoming March auctions. Please contact Nilesh to discuss further or Register with us here.

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