News | Residential Auction
Allsop releases May residential auction catalogue bringing 174 lots to market
The highest value investment, guided at £4.5-£5m, is a lot consisting of the leasehold to a former Debenhams in Sheffield, Yorkshire
Allsop has released its May residential auction catalogue, offering 174 lots of which 20 are guided above £1m. Several lots feature significant repurposing potential, including a former Debenhams in Sheffield city centre.
The new catalogue provides potential buyers with a wide geographical spread of investments and developments, with lots available in London, Sheffield, Kent, and other in-demand locations. Opportunities include a diverse mix of houses, apartments, ground rent investments and mixed-use schemes from a varied pool of sellers.
Richard Adamson, partner and auctioneer at Allsop, said: “We are pleased to release another strong catalogue, with over 170 lots on offer. Our next auction is set to offer plenty of value-add opportunities across the country. As the market continues to go from strength to strength, we have witnessed a very busy first quarter, demonstrating how robust residential property remains as an asset class for investors. We are expecting a busy couple of weeks ahead of the auction as buyers seek express early interest in lots.”
Highlights from the residential catalogue include:
- Lot 41 – former Debenhams building in Sheffield city centre with redevelopment potential, extending to approximately 213,892 sq. ft, guided at £4.5- £5m
- Lot 32 – a freehold detached purpose-built block of 33 self-contained flats with landscaped communal gardens and car parking area, situated in Tunbridge Wells, Kent, guided at £4.25m+
- Lot 83 – a freehold building providing ten self-contained flats and three commercial units subject to long lease situated in Great Missenden, Buckinghamshire, guided at £2.8m+
- Lot 76 – a freehold former office and retail building with planning permission to form a student hall of residence comprising 97 bedrooms, located in Portsmouth, Hampshire, guided at £2.3m+
Allsop’s next residential auction will be held virtually on 12th May, and the complete catalogue is available here.
Related Insights
What is happening to Ground Rents?
On 9th November 2023, the Department for Levelling Up, Housing & Communities (DLUHC) initiated a consultation process aimed a...
April Residential Auction raises £43m amid signs of growing confidence in the market
Residential Auction Team raises £43m in April auction amid signs of growing confidence in the market
Allsop raises £238m in auctions in first quarter following £55.8m March residential sale
Allsop, a leading property consultancy and the UK’s largest property auction house, has raised £55.8 million through the sale...
Allsop releases March residential auction catalogue with 296 lots on offer
Allsop, a leading property consultancy and the UK’s largest property auction house, has raised £55.8 million through the sale...