Cautious private investors target high street lots with ‘solid fundamentals’

Astute stock selection by private investors was evident at the latest Acuitus sale, which raised £34.9m from the sale of 59 lots.

The sale reflected an 80% success rate and takes the firm’s total for the year to just under £240m.

Investors closed in on the best-quality high street assets amid ongoing concern about the sector.

A 1,227 sq ft shop on Stamford High Street, Lincolnshire, which has recently been let on a new 10-year lease to Hotel Chocolat (pictured) at a current rent of £47,000pa, sold at a 4.2% yield. The price paid was £962,000,