Allsop raises £40m at its first Commercial Auction of the year

• Allsop raised £40m at its February commercial auction through the sale of 52 lots, at a success rate of 87%
• The highest-value lot was a multi-let leisure investment in Sheffield, selling for £4.3m
• Eleven lots exceeded the £1m mark

Allsop, the leading property consultancy and the UK’s largest property auction house, has reported a strong start to the year following the success of its first dedicated commercial auction of 2026. The sale raised £40 million through the disposal of 52 lots, achieving an 87% success rate.

Lot 32 in Sheffield was the highest-value sale of the auction, achieving £4.3 million. The leasehold leisure investment occupies a prominent island site in the city centre and provides more than 41,000 sq ft of accommodation, with tenants including Wagamama, Pho, and Zizzi.

Of the 52 properties sold, 11 achieved prices above £1 million, including six that surpassed the £2 million mark. The average lot size was £771,000, and retail assets accounted for 54% of the total value raised. Regional properties also delivered a robust performance, with 27 lots sold outside of London and the South East, contributing £19.1 million to the overall total.

Alex Neil, Commercial Auction Partner at Allsop, said: “The result of our February sale indicates a positive uptick in buyer sentiment as we kick off the 2026 auction cycle. Competitive bidding on the day led to some very strong prices being achieved. This positive result bodes well for the remainder of the year where we believe confidence will improve further still.”

Auction highlights include:

• Lot 10 – Hartlepool, Cleveland: a modern supermarket let to Farmfoods Ltd on a new 10‑year lease (no breaks). Sold for circa £1.35m (7% NIY)
• Lot 11 – Eastbourne, East Sussex: Retail warehouse/trade counter let to UK Plumbing Supplies Limited on a new 10‑year lease. Sold for £2.42m (6.07% NIY)
• Lot 16 – Maidstone, Kent: Town‑centre mixed‑use investment of 16,353 sq ft, including restaurant, hairdresser and 13 flats. Sold for £2.55m (9.02% NIY)
• Lot 34 – Liverpool, Merseyside: Established mixed‑use parade of nine shops, office and four self‑contained flats. Sold for in excess of £2.8m (circa.10% NIY)

Allsop’s next commercial auction will be live-streamed on Tuesday 24th March.

For a quick summary of the auction results - watch our short results video (on LinkedIn), presented by Jonathan Wright and Charlie Harrocks.