The Local Shopping Reit Share Discussion Threads

[tiltonboy] 30/3/2017 15:02

Staggering...Lot 40 goes for £390k v 250k guide, and on a 5% yield.

Shows how much I know!

[hillofwad] 30/3/2017 13:25

Clear evidence that post trigger market strong definitely worth upping the ante to put £6-£10m worth of kit out in the monthly auctions

[strathroyal] 30/3/2017 13:24

And also the Sold Prior from your post 2084, I had checked at about 6pm and they were still shown as available so it would be disappointing if those three had not made a decent premium to their reserve.

[tiltonboy] 30/3/2017 13:17

strath,

Fat-fingered in my excitement...oooh missus!

[strathroyal] 30/3/2017 13:14

Tilts,

£391K.

[hillofwad] 30/3/2017 13:14

Yes indeed Washwood Heath Road is no High Street Gravesend Fanatstic result really does augur well

[tiltonboy] 30/3/2017 13:12

Fantastic start with Lot 10 going for £391k v 300k guide, and on a sub 7% yield.

[badtime] 30/3/2017 11:41

Sky did u c my mail earlier in the week :(

[badtime] 30/3/2017 00:06

Thanks for the update Tilts

[tiltonboy] 29/3/2017 23:00

72, 78 & 79 all sold prior to tomorrow's Acuitus auction.

Hopefully Betfred shops are as attractive as the Coral one's, although the upside on Lot 40 looks limited given the 7.25% yield at guide.

[hillofwad] 28/3/2017 15:31

Internos Job

Dear Duncan at Allsopps Please find enclosed instructions to sell 1-15 proeprties youve got the details Eversheds can answer any queries must dash better things to do Let me know how you get on and see you at Scotts on completion day for lunch when I will hand a cheque over

Rinse and repeat every month swapping the turbot for the halibut
Dear Tom.'s Boutique Please find enclosed rental invoice for next quarters rent

Rinse and repeat every 3 months

[hillofwad] 28/3/2017 13:33

Nothing like a bit of current market evidence to confirm the market is alive and kicking .Nosound reason why they can ot increase the numberof proeprties to total monthly lots to £5-£10m in value it snot in shareholdersinterest to hold back

What is clear is that Internos have added very little to the party since their appointment and undeserving of their large fee for dishing out sale instructions and collecting a few rents Many of the properties featured in the last few auctions prior to Allsopps have been poorly presented with little signs of asset management with tenants holding over on unexpired leases where investors will discount the income and factor in management time in ther bids


Allsopps have done all the legwork sold by private treaty ,valued so would have inspected at some time every individual property the premier auction house so why have Internos been so slow in coming out of the traps

[tiltonboy] 28/3/2017 12:58

gfrae,

Couldn't possibly divulge what business I'm trying to do in LSR;)

[cockerhoop] 28/3/2017 12:07

Duncan would be offering 35p!

[gfrae] 28/3/2017 12:01

tiltonboy,is it you bidding 29 for 500,000 ? or have you tempted Mr.S back again do you think ? Cheers G.

[tiltonboy] 27/3/2017 18:11

Increased my price today, but still didnt get any. Will watch the auction on Thursday, and may up it again.

Some impressive numbers today, and I'm edging up my target price a little, so may pay up.

I know Internos monitor the boards, so I hope they will answer hillofwad on the use of Allsop's during this process.

[badtime] 27/3/2017 18:03

Tilts..tempted to add?

[hillofwad] 27/3/2017 16:09

Last lot a bit of a stoner but overall the lots I suspect are showing over book A good day's work

[tiltonboy] 27/3/2017 16:08

Thought the last lot might have gone for a bit more than 50K...lol...but I'm not going to complain about today's work!

[ntv] 27/3/2017 16:06

got a lot of dough for the bakers shops

[tiltonboy] 27/3/2017 16:01

hillofwad,

A good question and I will pose it to them again.

[hillofwad] 27/3/2017 15:54

Tilts Yes smashed it The Bakers athough a good covenant and wouldnt be surpised if they have bought in the FHh themsleves wouldnt be sitting in the books a anything better than 8.75%

[hillofwad] 27/3/2017 15:51

Couldnt be happier with results

[tiltonboy] 27/3/2017 15:49

Two stunning results on the bakers shops with both going substantially above guide, selling on yields of 7% and 7.6%.

Another 400k in the bag!