BidX1 UK goes big for July auction with two shopping centres and a business centre
BidX1 UK has announced the listing of three exciting commercial investment opportunities at its next digital auction on Wednesday 24th July. The distinctive lots include two shopping centres and a business centre and are offered on behalf of a UK based fund.
The first lot of note is Cornwall Place Shopping Centre, a freehold multi-let retail investment located in the attractive town of Buckingham. Arranged as several single and two storey buildings, the pedestrian town centre shopping precinct provides a mix of retail, restaurant and medical units and current tenants include TUI UK Ltd. Benefiting from a strong footfall as one of the main pedestrian thoroughfares between the main town and car park, the current rent is £268,064 per annum. The lot is listed with a guide price of £2,650,000.
The second multi-let market town investment opportunity is Deans Court Shopping Centre, a well-located shopping town and tourist destination in Bicester, Oxfordshire. The Freehold property provides a pedestrianised town shopping precinct and is arranged as a number of single, two and three storey buildings which provide a mix of retail, restaurant and professional services units. Benefiting from its own private car park and with tenants including Age UK, the current rent received is £140,655 per annum. The asset has a guide price of £1,250,000.
BidX1’s July catalogue will also include Motherwell Business Centre, located in North Lanarkshire, Scotland. Motherwell is arranged as a mixture of office and industrial accommodation of approximately 3,268.04 sq m (35,178 sq ft). Close to three railway stations, the property provides a number of asset management opportunities and coupled with some refurbishment works, this could significantly enhance the income potential. The lot is listed with a guide price of £775,000.
Simon Bailey, Director at BidX1, commented: “We are pleased to be offering three impressive investment opportunities at our upcoming July auction. These properties are in established retail and industrial locations in their respective towns and benefit from good transport links.
“We anticipate that these investments and the asset management opportunities they offer will attract interest from overseas investors as well as UK based buyers. The BidX1 digital platform is well placed - and proven - to ensure maximum reach on both a national and international basis, providing our client with the optimum opportunity to achieve best price.”
For further information on these properties, please contact Simon Bailey on 020 7703 4401 or email@example.com.
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