Allsop’s fourth commercial auction of 2017 will feature 185 lots across London, the South East and the regions, with almost 30 lots offered at £1m and above.
High value assets set to go under the hammer in the auction room on July 10th at The Berkeley, Knightsbridge, are in demand among investors looking for high quality and well-performing stock amidst political uncertainty.
Among early investor interest is lot 100, a 22,089 sq. ft. office building in St Albans priced at £5.75m. One of the most popular lots so far, this city centre investment provides a yield of almost 7%, and may have development potential in the long term.
July’s auction catalogue, which can now be viewed online, also features an extensive range of assets with a total income of £8.7m per annum, including sixteen office, eight industrial and nine bank investments. Of all lots offered, 66 lots are located in London and the South East, including a portfolio of small London assets with a total guide price of £3.6m.
In the regions, lots such as a portfolio of 19 high street assets, all currently let to retailer New Look, are anticipated to be in demand at the auction room. Lot 170 in Monmouth, already the most popular of the 19, enjoys a town centre location opposite Marks & Spencer Simply Food and is guided at £230,000 – £250,000.
George Walker, Partner and Auctioneer, said: “Buyers have a choice of 29 lots offered at £1m or more, which plays into the depth of demand that we have found in the auction room this year, despite the ongoing political and economic uncertainty.”
The auction will take place on July 10th at Claridge’s, 49 Brook Street, Mayfair, London W1K 4HR from 10am.
Notes to editor
Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house. Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.
For details visit www.allsop.co.uk
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