News | Commercial Auction

Historical lots in Allsop’s July Commercial Auction Catalogue

Investor’s will stand the chance of getting a piece of the past when a very interesting and historical investment goes under the hammer at Allsop’s forthcoming commercial auction on 6th July at The Dorchester, London.

Set amidst the backdrop of leafy Reigate, Surrey, Lot 88 is a Grade II listed building formerly known as “The Barons”, which was built around 1690 by Richard Devon, a London merchant.*

Baron Maseres lived there until about 1823 his title presumably giving rise to the name of the house.*

It is rumoured that Sir Winston Churchill stayed at the property and one of the upstairs rooms was known as “The Churchill Room”.

The property is now let to JACK WILLS LTD for a term of 20 years at a current rent of £75,000 pa and is being marketed with a guide price of £1.1million+

172 lots are on offer across the UK and include 25 lots with guide prices in excess of £1 million, 60 lots located within London & South East, and investments ranging from shops, banks, industrial estates and office buildings producing a total income in excess of £8.6 million pa.

The sale commences at 10am, with the afternoon session starting at 2pm with lot 87.

Other properties of interest include:

  • Lot 20, NORTHOLT – Ground rent secured on a 73 acre 9-hole golf course, adjacent to A40. Lease expiry 2041. Guide price £2M+
  • Lot 91, LONDON SW19 – First Class boutique shop in the heart of affluent Wimbledon Village. Previously an art gallery, it is offered as vacant possession, with the potential for extension and conversion of the first floor to residential. Guide price £700k – £800k
  • Lot 94, LONDON NW8 – A very central five-storey building situated off St Johns Wood high street. Comprises of a restaurant on the ground floor / basement and a five bed maisonette on upper floors with planning permission. Guide price £1.75M to £2M
  • Lot 95, CARSHALTON – An unbroken parade of seven shops, a convenience store and fourteen flats let on Assured Shorthold Tenancies producing £272,930pa. Guide price £1.75M to £2M
  • Lot 97, LONDON NW1 – The largest lot in the auction, close to trendy Camden Market. Let to Wagamama Ltd on a lease expiring in 2024. Total current rents £223,000 pa rising to £250,000 pa in 2019. Guide price £4.7M to £5M
  • Lot 111, GLASGOW – An attractive category A Listed multi-let office investment in the heart of the city centre, producing £166,968 pa. Designed by the famous Glasgow architect James Salmon II and completed in 1902. Guide price £1.4M to £1.5M

Allsop’s catalogue for their commercial auction on 6th July 2015 at The Dorchester, London W1 is now available to view online

Notes to editor

Allsop is an independent property consultancy with a market-leading reputation for high quality service, integrity and innovation. We are also well known as the UK’s largest and most successful auction house.  Our success is built on over 100 years’ experience in commercial and residential property consultancy and sales.

For details visit www.allsop.co.uk

Guide prices

  1. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date at which the guide price, or range of prices, is published.
  2. The reserve price is the minimum price at which the property can be sold.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction.

Source Information

*Country Life – May 1934.

Contact

For further information or supply of images

May Kan, Commercial Marketing and PR Manager at Allsop on 07557 229034 or may.kan@allsop.co.uk


Related Insights

Five things to consider when your new rates bill arrives
Blog 11/04/24

Five things to consider when your new rates bill arrives

Lease Advisory | Occupier

Five things to consider when your new rates bill arrives

Allsop raises £238m in auctions in first quarter following £55.8m March residential sale
Blog 02/04/24

Allsop raises £238m in auctions in first quarter following £55.8m March residential sale

Auction | Buying at Auction

Allsop, a leading property consultancy and the UK’s largest property auction house, has raised £55.8 million through the sale...

 Allsop promotes 19, including three new partners
News 01/04/24

Allsop promotes 19, including three new partners

Careers

We are delighted to announce 19 promotions drawn from across our business, including three new partners, effective from 1st A...

Permitted Development - What's your Exit?
Blog 26/03/24

Permitted Development - What's your Exit?

Residential Investment | Permitted Development

In 2013 legislation was passed that allowed offices to be converted into residential dwellings without the need for, what can...