Allsop’s next residential auction on September 19 will see 275 lots go under the hammer. The catalogue presents a variety of opportunities for investors to purchase and complete on a property before the upcoming Brexit date in October.
The highest value lot to be to be offered is lot 57, located in Earls Court. Currently vacant, the former embassy, situated within the Royal Borough of Kensington and Chelsea has a total area of 8,147 sq ft with the potential to convert to residential use. The property is guided at £4.5m.
Also located in the Royal Borough of Kensington and Chelsea is lot 33. The traditional Victorian terrace building is internally arranged to provide six self-contained flats and nine non self-contained flats with shared facilities and an HMO license. With potential to form a substantial single dwelling house or 18 self-contained flats, the property presents a multitude of opportunities in a prime location. The 5,443 sq ft property is currently vacant and with a guide price of £3.85m+.
For small-scale developers, lot 128 in South London, presents a lucrative opportunity. The site, which is located within minutes of Whyteleafe train station, comes with planning permission for a four-storey building comprised of nine self-contained flats and two commercial units with parking. The vacant lot is guided at £750,000.
Richard Adamson, Partner and Auctioneer, Allsop said: “After a long summer hiatus, we are pleased with the number of lots for the auction catalogue. Despite a continually unpredictable political and economic landscape that is shifting on a daily basis, the catalogue presents an abundance of choice for buyers whether it be income producing investments or assets that provide value add opportunities.”
“There is an extensive range of properties located across the UK allowing buyers to pick something up ahead of the looming Brexit date.”
The auction will take place on September 19th at The Event Suites at Great Cumberland Place, W1H 7DL. The catalogue can be viewed online.
Notes to editor
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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