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Allsop raised £70.70m on the sale of 112 assets at its final commercial auction of the year. Allsop achieved a success rate of 81% on the day, now standing at 83%, with more than 70% of sales coming from retail assets, despite the reported gloom on the High Street.

December’s auction saw 25 lots sold at £1m or above, the highest proportion this year, raising £35.5m in total.

The longest and strongest let investments proved the most popular, with a portfolio of four regional job centers all selling at an average of 7.3%net.  The average A grade retail yield remained steady at 6.2%, with £44.9m of retail assets sold.

Alternatives to retail saw competitive bidding, with £1.56m, 6.3% achieved for lot 107, an industrial asset in Batley, demonstrating the high demand for investments in this sector.

Lot 87, a Travelodge in Brierley Hill near Birmingham, was also popular on the day. Let on a long lease at £89,010pa with uncapped RPI increases, it achieved £1.45m 5.8% net.

Two of the largest lots sold were located in London; lot 114 a 1,205 sq ft freehold City  investment close to Monument London Underground station, selling at £1.45m and lot 86, a block of seven flats and a commercial unit in Stoke Newington, selling at £1.96m 5.2%.

Mixed use assets are always popular, due to the inherent spread of long term risk; lot 26 in Eastbourne, let to Arcadia at £138,250pa, sold at £1.9m 6.8%. The price achieved reflected the investment’s excellent High Street location and the sub-letting of its two shops and three flats above, all on one lease. Retail tenants include Hotel Chocolat and Pavers.

Results from Allsop’s buyer survey revealed that 23% of buyers on the day were new to the auction room, with a greater number of investors coming from overseas, including Hong Kong, Canada and South Africa. This increase demonstrates that whilst the current political turmoil in the UK is causing paralysis and fear in some markets, a number of commercial private investors are taking advantage of the weak pound.

George Walker, Partner and Auctioneer, Allsop said: “The private investor from home and overseas is clearly looking at the longer-term nature of these assets and their ability to provide a solid income stream. With the pound offering good value and the availability of long leases, it is not surprising that we saw an increase in overseas interest. Overseas buyers can be more competitive than the home market as they are not subjected to the same daily diet of Brexit news, and perhaps their bullish approach may well be proved right by the middle of next year.”

Allsop’s next commercial auction will take place on Tuesday 5th February at The Berkeley, Wilton Place, Knightsbridge, London SW1X 7RL.

Notes to editor


About Allsop auctions
Allsop run the largest property auction departments in Europe through two highly experienced residential and commercial teams and is the UK’s number one auction house by transactions. We offer a wide range of lots covering residential vacant and investment properties, ground rents, land and development opportunities and secondary commercial lots. A minimum of six commercial and seven residential sales are held every year. Visit:

About Allsop
Allsop is an independent property consultancy with a market-leading reputation for high quality service and integrity, covering the UK from our offices in the West End, the City, Leeds and Brighton. In addition to our position as the UK’s largest and most successful property auction house, we offer an extensive range of services for residential, commercial and mixed use property.

We have the people, the skills, the experience and the drive to maximise value for our clients in any given market and like to do business in our own distinctive Allsop style – open, friendly and honest. Clients appreciate this, which is why so many stay with us over the long term.

In an unpredictable world, Allsop remains a reassuringly constant source of market knowledge, insight and expertise. Visit:


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Newgate Communications on 0203 757 6890 or or May Dalton, Commercial Marketing and PR Manager at Allsop at