Auctions: let’s go shopping for shops

It has been a tough year for the retail sector but investors are still avid buyers of shops at auction. Acuitus chairman Richard Auterac looks at what has been selling and offers advice for those thinking of bidding for a shop investment.

High Street Broadway

Broadway, Cotswolds, Worcestershire

Guide price: £1.45m (7.06%)

Sold for: £1.79m

Net initial yield: 5.7%

Seller: High-net-worth property investor

Type: Shop and upper parts

Income: £108,600 pax