Allsop’s first commercial auction catalogue of the year offers 113 lots offering a total rental income of £5.9m, along with 25 investments guided at £1m or more. The February catalogue offers a wider range of assets than usual, from stalwart convenient store investments, to several major industrial property sites and care homes.
The February catalogue features 12 industrial investments, including lot 71, the largest lot in the catalogue. Located in Barking Essex and comprising of five warehouse units totaling 16,921 sq ft, it is likely to be sought-after in a sector that is short of supply. Currently generating a total rent of £217,198, it is guided at £3.25+m.
Lot 80, also an industrial investment, located in Warrington and comprising of 45 multi-let units totaling 36,668 sq ft on a four-acre site, it is guided at £3m+ and is the second highest priced investment in the catalogue. It currently generates a total rent of £272,967 per annum.
February’s auction catalogue also comprises 10 convenience stores, four care homes and a number of mixed-use investments combining retail and residential. For example, lot 61, a very attractive town centre Halifax Bank, with two maisonettes above, all let to Bank of Scotland at £195,000pa. It is guided at £2.7m – £2.9m.
George Walker, Partner and Auctioneer, Allsop said: “This catalogue offers a wider range of investments across all sectors, than we have offered for some time. There are good examples of quality offices, industrial, mixed use and a range of alternative assets from inside the M25 to right across the UK. The catalogue also features a high number of convenience stores, which is popular and familiar stock among private investors.
“With a strong end to last year we look forward to a good start to 2020.”
The auction will take place on February 11th at The Berkeley Hotel, Wilton Place, London SW1X 7RL. 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.
- 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.
- The reserve price is the minimum price at which the property can be sold.
- Both the guide price and the reserve price may be subject to change up to and including the day of the 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.
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