Allsop releases 340-lot catalogue for October residential auction

Allsop, a leading property consultancy and the UK’s leading property auction house, has released the catalogue for its October residential auction, featuring 340 residential and mixed-use investment and development assets from across the UK.

Investment opportunities in the October residential auction range from a high-yield purpose-built student accommodation asset – comprising 155 beds and which is nearly fully let – to a former office building in Buckinghamshire with redevelopment potential.

The highest value lot in the catalogue is a freehold block of 10 self-contained flats on Leather Lane, Farringdon (lot 21), which is fully let and producing an income of more than £268,000 a year. The block is guided at £4.25 million plus.

The October auction will be Allsop’s ninth dedicated residential auction of the year, with a total of £365 million raised so far this year from residential auctions alone.

Richard Adamson, Managing Partner and Residential Auctioneer at Allsop, said: “Only two weeks after raising over £68 million at our September residential auction sale, we are delighted to release our ninth residential catalogue of the year. The catalogue features a number of very high-quality investment and development opportunities across the country. There are still plenty of very focused and motivated sellers in the market, and – as our last sale proved – there is still excellent appetite from investors, particularly when assets are priced realistically. We anticipate a busy month ahead as our marketing campaign gets into full swing.”

Highlights from the auction include:

• Lot 22: Sussex Gardens, Paddington – a freehold unbroken mid-terrace building internally arranged to provide 18 units (seven studio flats and 11 bedsitting rooms). Fully let and producing £256,220 per annum. Guided at £3.5m plus. 
• Lot 34: Beechwood Hall, High Wycombe – a freehold detached former office building with potential for development. The property extends to approximately 1,842 sqm (19,933 sq ft) and benefits from 85 car parking spaces. Guided at £1.85m plus. 
• Lot 190: Merlin Point, Coventry – a freehold high-yielding student investment comprising 155 bedrooms. Producing £746,748 per annum with six rooms vacant. Guided at £2.9m plus.

Allsop’s next residential auction will be livestreamed and take place on 22nd and 23rd October, and the complete catalogue can be viewed online here.