2019 Selection of typical sales by sector
Retail - High Street
SOLD £636,000 (4.7% NIY)
Lot 10 - Specsavers, Hinkley
Town centre Specsavers Opticians let at £31,500 p.a. until 2023.
SOLD £3.2M (5.0% NIY)
Lot 11 - Boots, Berkhamsted
Substantial Boots Chemist let at £169,950 p.a. until 2022 with future residential potential.
Sector total: £69.8M
Price range from: £55,000 - £3.85M
Yield range from: 3.9% - 19%
Retail - Convenience
SOLD £370,000 (4.7% NIY)
McColl’s Store Portfolio, UK Wide
McColl’s, Harrogate, one sold of 10 McColls Stores let on a new 16.5 year lease for a total £3.62M 6.6% average. (Lot 23 shown)
SOLD £1.18M (5.4% NIY)
Lot 40 - Co Op, Gateshead
Co-op convenience store let at £67,500 p.a. on a new 15 year lease.
Sector total: £21.1M
Price range from: £80,000 - £1.43M
Yield range from: 3.4% - 14%
Retail - Shopping Centres
SOLD £1.37M (30.0% NIY)
Lot 47 - Deiniol Shopping Centre, Bangor Shopping Centre comprising 27 units. Tenants including Specsavers, Vodafone and Iceland. Total Rents £436,736 p.a.
SOLD £3.55M (14.0% NIY)
Lot 85 - College Walk Shopping Centre, Rotherham
Shopping Centre comprising 18 units. Tenants include Home Bargains, JD Sports, Warren James, Greggs, CeX, Subway, Coral and Ladbrokes. Total Rents £528,250 p.a.
Sector total: £6.2M
Price range from: £310,000 - £3.55M
Yield range from: 14%-48%
SOLD £3.17M (3.8% NIY)
Lot 57 - London Business School, London NW1
Marylebone offices let to The London Business School at £127,500 p.a. until 2023. Residential development potential.
SOLD £3.4M (9.1% NIY)
Lot 103 - Wolverhampton
Multi-let office with parking, extending to 41,874 sq. ft. Total rents £328,872 p.a.
Sector Total: £36.5M
Price Range from: £135,000 - £12.4M
Yield Range from: 3.7% - 18.9%
SOLD £1.2M (6.9% NIY)
Lot 107 - Tufnell Distribution, Oldham
Distribution warehouse let to Tuffnells at £88,500 p.a. until 2023.
SOLD £430,000 (5.3% NIY)
Lot 132 - Clothier Road, Bristol
Industrial investment comprising 5,027 sq. ft. of accommodation on a site area of 0.37 acres.
Sector total: £9.2M
Price range from: £190,000 - £1.24M
Yield range from: 4.2% - 12.8%
SOLD £850,000 (5.5% NIY)
Lot 1 - West Street, Marlow
Retail investment including a large maisonette & vacant office. Total Rent £49,000 p.a.
SOLD £2.42M (6.2% NIY)
Lot 12 - Foots Cray High Street, Sidcup
Unbroken parade of 8 shops and 8 flats. Tenants include William Hill. Total Rent £161,850 p.a.
Sector total: £70.7M
Price range from: £67,500 - £5.85M
Yield range from: 3.4% - 31%
SOLD £2.5M (7.0% NIY)
Lot 76 - Greenwich Leisure Gym, Walsall
Gym Investment let at £178,448 p.a. further uplift to £206,870 p.a. in 2024. Reversion 2039.
SOLD £1.66M (5.7% NIY)
Lot 74 - JD Wetherspoon, Sutton Coldfield
Attractive J D Wetherspoon pub let at £100,000 p.a. until 2035.
Sector total: £16.8M
Price range from: £135,000 - £2.4M
Yield range from: 4.8% - 20%
SOLD £2.585M (7.4% NIY)
Lot 81 - Mercedes Benz, Weston-Super-Mare
Mercedes Benz main dealer let to Cruickshank Motors Limited (part of the Sytner Group) at £202,905 p.a. comprising 14,048sq. ft. on a 1.59 acre site with parking for 104 cars.
SOLD £3.9M (5.0% NIY)
Lot 85 - NCP, London NW1
Long leasehold car park in St Johns Wood, let to NCP Ltd at £209,535.85 p.a. until 2037 with annual RPI increases.
Sector total: £31.2M
Price range from: £3,500 - £4M
Yield range from: 1% - 10%
Multi million pound lots
SOLD £12.4M (1.3% NIY)
Lot 87 - “The Lady” Magazine, London WC2
Rare freehold office and residential investment comprising 11,140 sq. ft. let at £170,000 p.a. £1,113 per sq. ft.
SOLD £5.85M (4.5% NIY)
Lot 72 - Lloyds Bank, London NW1
Lloyds Bank & four flats in Camden, with potential to create further flats. Total rents £276,732.50 p.a., £706 per sq. ft.
Lot 77 - Earls Court Road, London, SW5
Well located former banking hall extending 6,456 sq. ft. let at £464 per sq. ft.
SOLD £2.6M (3.6% NIY)
Lot 79 - Iceland, London N1
Well located supermarket on Caledonian Road, let to Iceland at £100,000 p.a. until 2022.
Sector total: 78 Lots sold at £156M
Price range from: £1M to £12.4M
Yield range from: Average £2M - Median Price £1.6M