‘Resilient’ retail brands help Acuitus to 86% success rate

Acuitus said investors targeting shops let to “resilient” brands helped it to sell £33.8m of property at its July auction, reflecting a success rate of 86%.

The auction house reported that 41 lots were sold out of the 48 offered, and almost a third of sales achieved more than £1m. The average lot size for properties located in England was close to £900,000.

Three trade counter investments let to Travis Perkins sold for £1.45m, £1.12m and £800,000, at yields of 6.2%, 4.3% and 6.7% respectively. And a pair of stores let to value retailer B&M sold for