July Commercial Auction Catalogue is Released (15/06/2010)

July sale to be held at The Park Lane Hotel, Piccadilly, London W1J 7BX on Tuesday 6th.

Allsop Commercial Auctions have released their latest catalogue for their July sale to be held at The Park Lane Hotel, Piccadilly, London W1J 7BX on Tuesday 6th.

The catalogue follows their highly successful May auction, which sold 76 Lots, raising a total of £52.5 million with a success rate of 84%.

The July auction will be held on behalf of Admiral Taverns, Barclays Bank Plc, Enterprise Inns Plc, ING Real Estate, The Co Operative Group, Administrators/Receivers and many others. The team are delighted to be offering 142, located throughout the UK ranging in size from £20,000 to in excess of £3 million.

Some notable lots include:

A portfolio of 10 London pubs on behalf of Enterprise Inns located in Kilburn (Lot 8), Islington (Lot 19), Kentish Town (Lot 29), Hammersmith (Lot 38 ), Earls Court (Lot 75), Chelsea (Lot 78), Clapham (Lot 82 ), Forest Hill (Lot 86), Marylebone (Lot 92) and Waterloo (Lot 99).

8 Bank Investments located in Paddock Wood (Lot 2), Deal (Lot 3), Newport (Lot 11), Sunderland (Lot 26), Bridport (Lot 71), Ely (Lot 72), Basingstoke (Lot 81) and Redcar (Lot 109A).

3 properties let to Tesco Stores Ltd located in Manchester (Lots 79 & 90) and Birmingham (Lot 84).

Hendon (Lot 76). A Petrol Station & Convenience Store let to Somerfield Stores Ltd (guaranteed by The Co-operative Group Ltd) at £170,854 pa with Annual Rental uplifts of 2%. Lease expires 2027.

Southport (Lot 77). An attractive prime shop let to Next Group Plc at £115,000 pa on a lease expiring in 2023.

Sutton (Lot 87). Two prime Shops offered as a single lot. Let to Cheltenham & Gloucester Plc until 2021 & Poundland Ltd until 2023. Total rents £235,750 pa.

Tiverton (Lot 95). A Large well located shop let to Argos Ltd at £155,000 pa. Lease expires 2020.

Barking (Lot 96). An unbroken parade of 13 shops let at £237,150 pa.

The online catalogue can be viewed by clicking here.

For further information please contact:

Duncan Moir
Equity Partner
Allsop
DL  +44 (0)20 7543 6704
Email duncan.moir@allsop.co.uk