Allsop releases December commercial auction catalogue ahead of final sale of 2022

• Allsop releases December commercial auction catalogue featuring 88 lots across the UK
• The biggest lot is a virtual freehold restaurant, leisure and ground rent investment opposite Spitalfields Market guided at £2.7/£2.8m
• 18 lots have guide prices of £1m or above

Allsop, the UK’s top auction house by transactions, has released its last commercial auction catalogue of the year featuring 88 lots, of which 18 are guided at or above £1m. The catalogue includes a variety of investments, including convenience retail, pharmacies, industrial assets, and leasehold offices across the UK.

Since the start of the year, Allsop has raised £500m from the sale of 634 lots, with an average success rate of 89%. Of the 634 lots sold to date, 163 were purchased for £1m or above.

George Walker, partner and auctioneer at Allsop, said: “Despite the challenging market conditions, we’ve continued to deliver consistent results for our buyers and sellers. Since the infamous mini-budget announcement which sent shock waves through the property industry, we have sold £80 million worth of assets, proving that there’s still ample appetite for well-located commercial property and sufficient market liquidity. We are pleased to present yet another high-quality catalogue featuring a variety of assets located in prime spots throughout the UK, including London, the Home Counties and the West Midlands”.

• Lot 38- Spitalfields- the highest value lot of the catalogue, a virtual freehold restaurant, leisure and ground rent investment opposite Spitalfields Market let at £270,000pa, guided at £2.7/£2.8m
• A portfolio of 19 veterinary surgeries let to Medivet located predominantly in the South East, many with residential use on upper floors/ development potential
• A portfolio of 11 pharmacies let to Boots UK Ltd located throughout the UK
• Lot 21 – South Ealing, London –a shop and two flats 100m from South Ealing Underground Station, guided at £1m – £1.1m
• Lot 4 – Pangbourne – a convenience store and two flats let to Co-operative Foodstores Limited with a guarantee until 2037, guided at £1.3m – £1.4m
• Lot 5 – South Kensington, London -an estate agents office let to Foxtons Ltd until 2032 with a maisonette above, guided at £1m – £1.1m
• Lot 8 – Leominster- a multi-let industrial estate comprising eight industrial units, two office suites, two yards, and parking, guided at £1.35m – £1.45m

Allsop’s final auction for 2022 will take place online on 8^th December, and the full catalogue is available here.