Allsop’s June commercial auction puts their half year sales ahead of last year at £163m

• £25m raised from 39 lots, achieving an 80% success rate
• Total commercial auction sales reach £163m across Q1 and Q2

Allsop, the leading property consultancy and the UK’s largest property auction house, has raised £25 million at its June commercial auction, delivering another solid set of results at its fourth sale of the year. The auction saw 39 lots sold, reflecting a success rate of 80%, underlining continued resilience in investor demand.

The average lot size reached £656,700, with nine lots selling for over £1 million. Strong pricing was evident throughout, with 75% of lots selling above reserve and an average uplift of 19%, while 12 lots exceeded their reserve prices by more than 10%. Investor appetite remained particularly notable for value-driven opportunities, with eight lots achieving net initial yields of 7% or below.

The largest lot sold was Lot 25 in Wandsworth, comprising four vacant commercial units and seven two-bedroom flats producing £179,400 per annum. The property sold prior to the auction for £3,310,000, equating to a capital value of £362 per sq ft.

Geographically, half of the lots sold were located outside London and the South East, accounting for 31% of total value, highlighting the continued appeal of regional assets. The retail sector remained dominant, representing 65% of lots sold and 50% of total value.

Buyer data from the auction reinforces the positive outlook. Purchasers were experienced investors, with 82% having previously bought at auction. Cash remained a key driver, with 64% of buyers completing without financing and encouragingly, all respondents indicated they would look to purchase again at future auctions, signalling sustained confidence in the market.

The June auction brings Allsop’s total commercial sales for the first half of the year to £163 million, up from £151 million during the same period in 2025. Across Q1 and Q2, 214 lots have been sold, achieving an overall success rate of 89%, again exceeding last year’s 85%. Notably, 54 lots have surpassed £1 million so far this year, compared with 43 in 2025.

Alex Neil, Partner at Allsop Commercial Auctions, commented: “When the pricing is right, we continue to see buyers look beyond wider market noise and focus on long-term value. Our June results demonstrate the depth of demand from experienced investors, particularly for well-located assets that offer income security and asset management potential.

Whilst there has been some softening in sentiment in parts of the market, competitive bidding and pricing discipline continue to underpin strong performance in the auction room. With a high proportion of repeat buyers and ongoing interest from cash purchasers, we remain optimistic about the outlook for the remainder of the year.”

Auction highlights

• Lot 7 - Blackheath, SE3 - Public House let on a lease guaranteed by Stonegate expiring in 2051.  Sold at £935,000 (6% NIY)
• Lot 13 - Islington, N1 - A well located Restaurant let at £93,500pa until 2039.  Sold at £1.5m (5.9% NIY)
• Lot 15 - Croydon - 3 Industrial units let on a single lease at £120,000pa. Sold Prior at £1.425m (7.9% NIY)
• Lot 19 - Morden - Industrial estate in South London suburb, comprising 4 units and open storage yards. Total Rents: £188,500 p.a. Sold: £2.1m (8.4% NIY)
• Lot 20 - Canterbury - 3 Shops let to Trespass, You Me Sushi & Oxfam. Sold at £1.4m (9.9% NIY)
• Lot 30 - Newcastle-under-Lyme - Multi-Let & Part Vacant Office Investment. Sold at £1.32m (10.3% NIY)

Allsop’s next dedicated commercial auction will take place on Wednesday 15th July, with over 50 lots already confirmed and further entries expected.