Allsop raises over £70m at the UK’s largest commercial property auction in four years

• £70m raised from 93 lots sold
• 85% success rate achieved at Allsop’s largest commercial auction since September 2022
• 15 lots sold for more than £1m

Allsop, the leading property consultancy and the UK’s largest property auction house, has raised more than £70 million at its October commercial property auction, delivering its largest sale in four years and demonstrating continued demand for realistically priced investment opportunities despite wider market uncertainty.

A total of 93 lots sold, generating over £70m and achieving an 85% success rate, with numerous additional lots also placed under offer post auction.

The result continues Allsop Commercial's strong performance in 2026, with year-to-date commercial auction sales now standing at £286 million. So far this year, 376 lots have been sold at an overall success rate of 90%, outperforming the equivalent period in 2025 when £269 million was raised from 401 lots at an 83% success rate. The team has also sold 85 lots for more than £1 million during 2026, compared with 83 during the same period last year.

The largest transaction of the sale was Lot 20, a multi-let Central London office investment with parking in WC1, producing rental income of £478,095 per annum. The property sold prior to auction for £6.05 million, reflecting a net initial yield of 7.4%.

The auction saw competitive bidding across a range of sectors. Fifteen lots sold for more than £1 million, while 20 lots achieved net initial yields of 7% or below. Nearly a quarter of all lots sold achieved prices at least 10% above their reserve levels, with the average overage above reserve reaching 15%.

London and the Southeast continued to dominate activity, accounting for 48% of lots sold and 61% of total value. The retail sector remained the auction's strongest performer, representing 78% of lots sold and 73% of total value.

Mark Gower, Commercial Managing Partner at Allsop Commercial, said: “Despite market caution ahead of the Budget and a potential rise in interest rates, buyers continue to respond positively to realistic pricing, a proactive approach and attentive customer care, it all helps generate competitive bidding and achieve the results our clients need. Pricing is simply so important when cash has as much choice as it does these days, and it was not surprising to hear buyers are reallocating capital away from residential to commercial property given all the recent regulatory and tax changes.

Last week’s auction was our largest commercial sale for four years largely thanks to a high proportion of high value lots, a number of which had previously been marketed by private treaty without success. I wouldn’t say the market is particularly better or worse since before the summer, but there was certainly an element of pent-up demand with it being almost 3 months since our last auction in July. We often find less is more when it comes to the number of commercial auctions we hold, as there’s far more detail to consider. Both buyers and sellers need time to prepare and get comfortable before they commit.”

Auction highlights:

• Lot 20 - London, WC1 - London office investment with parking and total rents of £478,095 per annum. Sold prior to the auction for £6,050,000 (7.4%)
• Lot 10 – Bristol, BS16 - Freehold Mixed-Use Parade Investment. Sold for £1,830,000 (8.10%)
• Lot 25 – East Wittering, PO20 - Freehold Convenience Store Investment with Uncapped RPI Rental Increases for 15 years. Sold for £1,400,000 (6.66%)
• Lot 7- Chesham, HP5 - Freehold Mixed-Use Investment with Asset Management Opportunities. Sold for £1,200,000 (7.61%)