News | Commercial Auction

Allsop releases bumper auction catalogue with a quarter of lots guided at or above £1m

  • Allsop releases its fourth commercial auction catalogue of the year
  • The highest- value property is a Grade II listed freehold medical and residential investment guided at £8.25m+
  • 37 lots have guide prices of £1 million or above

Allsop, the UK’s top auction house by transactions, has released its July commercial auction catalogue, featuring 136 lots with more than a quarter guided at or in excess of £1 million.

Lots on offer at the July auction include a mix of convenience retail, with both high street and roadside assets, as well as hospitality, pharmacy, industrial, residential, and medical investments across the UK.

The auction follows a busy six months for Allsop’s commercial auction team, which sold 280 lots in the first half of the year, raising £220 million and with an average success rate of 91%.

George Walker, partner and auctioneer at Allsop, said:
“With private investors remaining extremely busy expanding their property portfolios in the first half of the year, we’re delighted to release another prime catalogue that boasts numerous opportunities across a range of commercial property types. This catalogue presents a wide variety of assets, from the ever-popular roadside investments to development opportunities in London. Investors looking to deploy their cash quickly and effectively, especially as the summer break approaches, will likely be out in force.”

Auction highlights include:

  • Lot 13 – Romsey–a petrol filling station on the A36 let to the Co-op with annual 2% rental increases, guided at £2.55m+ (GIY 6.86%)
  • Lot 16 – Bromsgrove –a convenience store let to the Co-op until 2030 plus two flats and a car park, guided at £1.3m+ (GIY 6.38%)
  • Lot 20 – Lydney –an attractive vacant freehold country house hotel and land set over eight acres, guided at £2.2m
  • Lot 28 – Elland –a large town centre shop let to the Co-op (sublet to B&M) until 2035 with annual RPI linked reviews, guided at £3m+ (GIY 7.21%)
  • Lot 40 – Earls Court – four single-storey shops with development potential above, guided at £3.75m+ (GIY 7.01%)

Allsop’s July auction will take place online on 13 July, and the full catalogue is available here.


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