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LSR The Local Shopping Reit Plc

20.30
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
The Local Shopping Reit Plc LSE:LSR London Ordinary Share GB00B1VS7G47 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.30 20.20 21.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

The Local Shopping Reit Share Discussion Threads

Showing 1951 to 1973 of 3525 messages
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DateSubjectAuthorDiscuss
21/2/2017
14:28
With three unsold, that must go down as a disappointing auction.

It will be interesting to see how they deal with the unsold lots. Perhaps they could do with a bit of "asset management" as suggested by hillofwad, before being marketed again.

tiltonboy
21/2/2017
14:11
Million-pound-plus lots make strong showing at Acuitus auction

The first Acuitus commercial property auction of the year saw £35m of assets sold, with the keenest interest being shown in properties producing long-term income or those located in London. The full results are available

Acuitus auctioneer, Richard Auterac, commented: "The outlook is positive for our second sale of the year on March 30th and it is evident that owners have been encouraged to submit lots by the mounting evidence that the property market thrives, despite the external uncertainties. Real estate remains one of the best stores of value and buying and selling in the auction room is an excellent and immediate opportunity to execute investment requirements."

At the February auction the average lot sale price was around £970,000 with nearly a third of properties selling for more than £1m.

The highest price in the room was achieved on a 21,448 sq ft supermarket in Wimborne, Dorset, let to the Co-op until 2034. It sold for £4.8m which reflected a net initial yield of 5.8%.

Richard Auterac added: "If there was any doubt about the interest for investing in good quality commercial real estate this was dispelled by the number of high net worth investors in what was a very full room. There was no shortage of funds to invest, with the lots in the £1m - £5m range proving the most popular. Lively bidding meant several of the lots were bought at strong prices".

Richard Auterac said: "I was impressed by the atmosphere in the room and it is clearly evident that buyers have a serious wish to invest. It seems to us that the great majority of high net worth investors do not have access to these types of good quality investments except through our auctions. There were some big hitters there along with large scale residential investors making their first commercial purchases."

The interest generated at the February auction by London locations was evident early on in the sale with the second lot of the day, a restaurant at 244 Kentish Town Road, London, NW5, selling for £985,000 at a yield of 3.8%.

Properties with development or improvement potential remain popular and another London lot, 8-12 Lee High Road, Lewisham, comprising three retail units with a dental surgery above, and with scope for residential conversion, sold for £2.2m at a yield of 4.4%.

The sale of 101-105 High Road, Ilford, Greater London demonstrated the interest in long-term income. The 5,287 sq ft property, which is let to The Co-operative Bank until 2062 realised £2.92m - a yield of 4.7%.

The De Lunn Buildings in Jewry Street, Winchester, a very attractive parade of five shops and seven residential units, sold for £2.07m at a yield of 5.8%.

A freehold retail and tyre depot at 1, 2 & 3 Eastern Avenue, Gloucester, fetched £1.86m, showing a yield of 6.6%. A retail parade at Upper Market Square, Hanley, Stoke-on-Trent, sold for £1.515m.

Despite February's successful sales, Richard Auterac commented: “Pricing is not a one way ticket. While there is demand for all types of investment, sellers’ expectations need to be tempered for investments where the future income is more uncertain and this needs to be reflected in the pricing of these types of assets”.

The second Acuitus auction of the year will take place on March 30th at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG. The deadline for entering a property into the sale is 28th February.

To discuss entering a property into the auction, please contact the Acuitus team. Acuitus Director, Charlie Powter, is also available to discuss how private sales can be integrated into an overall auction strategy to achieve an early sale.

skyship
21/2/2017
14:10
Seems no rhyme nor reason on some of the Lots. Something that I thought would struggle went for well above guide, and a couple of Lots which looked semi-decent didn't attract offers!

Probably why I'm not in property!

tiltonboy
21/2/2017
14:03
SKYSHIP,

Just 49 and 58 to go.

tiltonboy
21/2/2017
14:02
How has 47 gone for 92k!
tiltonboy
21/2/2017
14:01
LOL 47 went for a thumping good price cant get any of these close Lot 49 guess £86k
hillofwad
21/2/2017
13:52
47 guess 61k
hillofwad
21/2/2017
13:51
Lot 44 that.....and finally went for £96k!

Auctioneer had to work hard for that one...

skyship
21/2/2017
13:45
Next guess £74k
hillofwad
21/2/2017
13:42
Come to this late - no internet for past two days!

Anymore LSR Lot Nos to come?

skyship
21/2/2017
13:32
Lot 36 unsold!
skyship
21/2/2017
13:31
LOL only got a bid of £110k !!
hillofwad
21/2/2017
13:08
£90k seems awfully cheap with a flat to boot Guessing £190k on Lot 36 !!!
hillofwad
21/2/2017
12:41
Hopeful of over £105k for Ellemere!
hillofwad
21/2/2017
12:40
£355 for Heswall wasnt too bad considering the short leass
hillofwad
21/2/2017
12:38
Decent start 355k v 275k
tiltonboy
21/2/2017
08:36
Have to say just seems very little asset management has taken place looking at the profile of some of the offerings in the Auction I suppose it reflects the fact that its a lame duck adminstration
Lets face anyone invested here is on the basis of the inherent value of the assets not the ability of the management to add value .

Pugh Auctions really is the lowest common denominator.I have emailed them with a number of pertinent questions regarding some of the lots -without response
Their presenation is poor and lack of salient information really doesnt help achieve the best prices .Disappointing

hillofwad
20/2/2017
15:40
Love the New Forest, spent many a happy cricket tour based in Brockenhurst, and playing on some amazing grounds!
tiltonboy
20/2/2017
15:36
@tiltonboy

Thank you for your reply. Exactly the information I wanted from the source I wanted it from!
Much appreciated.

As it happens i love auctions but my location (New Forest) makes popping over to Leeds a tad time consuming. Born in the great county but no longer resident.

tykethat
20/2/2017
15:13
Tyke That,

Why not pop over to Leeds on Thursday and see how the auction goes!

Will the price of LSR move above 30p? - That's why we are watching the auctions intently to see what sort of prices they are achieving for their properties. The more they can get away at close to book cost, the better the chance of getting an end result closer to NAV. It's too early to form an opinion, but I'm comfortable enough to be buying more around the 28p level.

I would be disappointed if I didn't see 35p, but you might have to wait some time to get that.

tiltonboy
20/2/2017
15:02
Possibly great fun watching auctions and all that but.... does anyone on this forum think that the price of LSR will eventually move north of 30p and if so what is your best estimate of where this relatively sorry story has its end?
tykethat
20/2/2017
14:34
Lot 76 withdrawn from tomorrow's auction, leaving seven to watch out for.

Auction can be viewed at:

hxxps://www.eigpropertyauctions.co.uk/search/live-stream

tiltonboy
17/2/2017
17:02
hxxps://hallsgb.com/properties/flat-1-10-scotland-street-ellesmere-shropshire-sy12-0eg/

Very few flats to let in Ellemsere and and area. You would have thought that the upper parts were worthy of a deatiled description where the rental income could possibly command a similar rental to this one. I despair!

hillofwad
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