News | Commercial Auction

Allsop releases new commercial auction catalogue with 114 lots

  • The July catalogue offers 114 lots, with guide prices ranging from £50,000 to £4.4m
  • The largest lot of the auction is a Kingswinford-based Co-operative supermarket, guided at £4.4m
  • 33 lots are guided at £1m+
  • 32 lots are located in London and the South East

Allsop has launched its July commercial auction catalogue comprised of 114 lots in a range of locations across the UK, with a significant proportion of lots (32) located in London and the South East.

The catalogue includes a variety of investment opportunities across retail, office, hospitality, with many assets offering attractive value-add opportunities.

George Walker, Partner and Auctioneer at Allsop, said: “This year has been marked by growing demand from private investors. We’ve seen high levels of interest in larger assets which our clients have responded to with the larger than typical lot size of this catalogue.

“With Covid restrictions on track to be lifted by 19 July, buyers’ confidence is on the rise, and we expect to see even higher volumes of investors compete for some of the most coveted assets from long income to mixed use opportunities.”

Key highlights include:

Lot 30 – Hounslow, Middlesex, let to HSBC until 2029 at £185,000 per annum, guided at £3.45m+ (GIY 5.4%)

Lot 31 – A pharmacy investment with development potential in North Finchley, London, let to Boots UK Limited until 2029 at £75,000 per annum, guided at between £1.3m and £1.4m (GIY 5.8%)

Lot 35 – Norwich, let to McDonalds Restaurants Ltd until 2031 at 192,000 per annum, guided at between £2.9m and £3.1m (GIY 6.6%)

Lot 36 – Co-operative supermarket in Kingswinford, West Midlands, let to Midcounties Co-operative Society until 2025 at £281,544 per annum, guided at £4.4m+ (GIY 6.4%)

The next online-only commercial property auction will take place on 20th July, and the full catalogue can be viewed here.


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