BidX1 sizzles into summer with latest auction
BidX1 UK is demonstrating its proficiencies across both residential and commercial property sectors through the varied standout assets available at the 6th June auction. The diverse portfolio, which includes property assets spread throughout the UK and Northern Ireland is comprised of 43 lots.
One of the lots that we are expecting to attract high levels of interest is Lot 17, a substantial mixed-use investment with development potential. The property comprises two ground floor retail units with offices on the first floor and is part let to Subway Realty Limited until 2029. The second retail unit is let to an individual, whilst the first floor offices are vacant. The offices are approximately 72.69 sq. m (782 sq. ft) and may have potential for conversion to residential (subject to consents). The property sits on a large site and is located within a popular commuter town on the outskirts of Milton Keynes. The total combined rent is currently £33,000 and the property is listed at auction with a guide price of £475,000.
Oliver Childs, Head of Commercial Auctions at BidX1 in the UK, commented: “Our digital auction platform has proved its worth across many different asset classes and for a number of investors in recent months. The diversity of the current catalogue is testament to the strength of the online model and reinforces the versatility that BidX1 offers to our clients.”
Another popular property of interest is Lot 24, which is being offered on behalf of LPA receivers. Comprising a substantial mixed-use investment, the property is arranged as a ground floor shop with separate self-contained two bedroom flat on the first floor. The ground floor shop trades as Masha Allah Mall Centre on a lease expiring in 2026 (7 years unexpired) producing £15,600 per annum and the flat is let on an assured short hold tenancy at £15,600 per annum, producing a total combined current rent of £31,600 per annum. The property is situated within a mixed-use parade on a busy arterial route linking Tottenham with Edmonton and has a guide price of £310,000.
Highlights of standout lots within the catalogue include:
- Lot 4, located in Folkstone, Kent, is a mixed-use asset made up of two self-contained flats and retail unit. The first floor flat is a two-bedroom apartment, whilst the second floor flat is a one bedroom apartment. In addition, the ground floor boasts a 43.05 sq. m (463 sq. ft) shop space. The property has a guide price of £95,000.
- Lot 6, located in East Acton, is a freehold two-floor terrace house. The property contains two bedrooms, a reception room, kitchen, bathroom and rear garden. It has a guide price of £245,000.
- Lot 8, located in Finchley, North-London, is a freehold two-floor semi-detached house. The property consists of three bedrooms and is in full vacant possession with a guide price of £660,000.
- Lot 7, 18, 21, 25, 33, 35, are 9 former advertising sites on offer on behalf of JC Decaux across various locations throughout Scotland. These lots are in vacant possession with guide prices ranging from £10,000 - £250,000.
View the full catalogue here: