A B&M Bargains-occupied shop investment at 66-68 High Street, Weston-Super-Mare is being offered at the Acuitus auction on December 15th with a guide price of £1.4m.

The 19,471-sq ft property is prominently situated in the pedestrianised town centre.

It is currently let to Associated British Foods until 2025, and is sublet to B&M, at a current annual rent of £294,000.

Acuitus Director Charlie Powter comments: “B&M Bargains has become a strong retail presence across the UK and this prominent property – which may have long-term redevelopment potential – will be popular with investors looking for immediate income and future asset management opportunities”.

Elsewhere in the auction, a freehold supermarket investment in Exmouth, let to Iceland on a renewed 5 year lease at a rent of £75,000 per annum, is to be sold with a guide of £800,000.

The Acuitus auction will take place on December 15 at 1.30pm and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.

Further details on the auction can be found here.