Travis Perkins Trade Counter Investment heads to Acuitus auction

30/11/2023
Travis Perkins, 1 Old Farm Road, Ayr

A trade counter investment property, currently housing Travis Perkins, is slated for auction at the Acuitus commercial property auction on December 13th. The 12,608 sq ft property comes with a guide price of £800,000, presenting an 8% yield. Travis Perkins is the current tenant under lease until 2031 with no breaks, featuring five-yearly rent reviews and minimum uplifts of 3% per annum compounded. The property generates an annual rent of £63,876, set to rise to a minimum of £74,049.79 in 2026.

Jon Skerry and Mhairi Archibald of Acuitus highlighted the popularity of trade counter assets among investors seeking reliable returns from trusted tenants. The auction will be live-streamed on the Acuitus website, offering online, telephone, and proxy bidding options. Additionally, a similar trade counter asset in Sleaford, Lincolnshire, is listed in the Acuitus catalogue with a guide price of £950,000.

The upcoming auction on December 13th presents an opportunity for investors to acquire a well-leased property with a reputable tenant, aligning with the trend of trade counter assets gaining traction in the commercial property market. Further details here.

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