Allsop’s next residential auction on October 31 will see 220 lots go under the hammer. The catalogue presents a variety of opportunities for investors and developers alike, with 12 lots guided above £1m.
The highest value lot be offered is lot 22, a freehold site in Bellingham, South East London. The site is currently occupied by light industrial buildings, but has planning permission for 14 mews houses, four self-contained flats and two commercial units. With London Blackfriars only 27 minutes away via Bellingham Station, the lot offers a small-scale development opportunity. The property has a price guide of £2.7m.
In central London, lot 43 is a ground floor apartment in a stunning mansion block in Mayfair. Overlooking Mount Street Gardens, the 1,463 sq. ft. two-bedroom flat has recently undergone refurbishment and presents a beautiful and modern living space within one of London’s most prestigious neighbourhoods. The property has a guide price of £1.7m.
Located in Wimbledon, lot 23 is a nice traditional Victorian terrace detached building. The freehold detached building is arranged to provide four two-bedroom self-contained flats with a shared rear garden. Subject to planning consent, the property has potential for an additional flat in the loft. With easy access to Tooting rail station and Colliers Wood Underground station, the property lies in a quiet suburban location and is guided at £1.1m.
For the investors looking outside of London, lot 49 is an attractive detached building in Eastbourne. Comprising eleven self-contained flats, the property is on the market having been owned by the same family for twenty years. With each flat subject to an assured shorthold tenancy, five of the flats offer parking, three flats benefit from a private garden or balcony, and the remaining two flats share a garden. The property has a gross initial yield of 7.29% and is guided at £1.5m.
In North Yorkshire, lot 106 offers the perfect country escape. The grade II listed property is a derelict farmhouse with separate detached barn that occupies a total site area extending to approximately 4.088 acres. Despite being in total need of refurbishment, the property presents a great opportunity to own a slice of the Yorkshire Dales National Park. The property has a disclosed reserve to not exceed £50,000.
Richard Adamson, Partner and Auctioneer, Allsop said: “The market has been fragmented and unpredictable for some time now, due to the huge political uncertainty that the UK is operating in. However, a catalogue of this size and quality suggests that the sentiment from many sellers is very much that business and life goes on.
The residential property market is a very robust sector and with sensible pricing and thorough marketing properties will generate interest and competitive bidding on the day.”
The auction will take place on October 31st at The Hard Rock Hotel at Great Cumberland Place, W1H 7DL. The catalogue can be viewed online.
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: https://auctions.allsop.co.uk/selling-at-auction
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: www.allsop.co.uk
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