Allsop releases its September commercial auction catalogue featuring 156 lots, the largest catalogue so far this year

Since the start of 2021, Allsop has sold £323.5m worth of commercial property via auction

36 lots are guided at £1m+, of which 17 are guided at £2m+

The highest-value property of the catalogue, guided at £4.5m is lot 38, a supermarket in Bournemouth

Allsop, the UK’s number one auction house by transactions, has launched its largest commercial auction catalogue so far this year, with 156 lots on offer. Spread across a range of UK locations, the catalogue features 36 lots guided at £1m+, of which 17 properties are guided at £2m or above.

Buyers will be able to choose from a variety of lots, including supermarket, pharmacy and industrial investments, as well as a selection of town-centre retail and office assets.

George Walker, Partner and Auctioneer at Allsop, said: “Since the start of the year, we’ve seen a progressive rise in buyer confidence in line with the economic recovery. Given the initial response to the release of the catalogue from the market, it’s clear there is significant appetite for investment in the sector. We expect the last quarter of the year to be a busy one.”

Key highlights include:

·Lot 38 – a large supermarket investment totalling 50,098 sq ft let to Safeway Stores Limited at £454,500 per annum until 2025 and sub-let to Lidl and Wilko, guided at £4.5m+ (10.1% GIY)

·Lot 15 – a fuel filling station and convenience store in Marylebone let to Malthurst Limited at £172,000 per annum until 2032, with no breaks and five-yearly RPI linked reviews, guided at £3.5m+ (4.9% GIY)

·Lot 37 – an industrial unit in Hull, comprising 50,291 sq ft on a two-acre site, let to Karro Foods Limited at £225,000 per annum until 2031, with no breaks and CPI linked reviews, guided at £3m+ (7.5% GIY)

·Lot 25 – a modern trade counter in Chichester, extending to 15,053 sq ft on a 1.57-acre site, let to Jewson Limited at £176,625 per annum until 2032 with no breaks, guided at £2.5m – £2.6m (7.05% GIY)

The online-only commercial property auction will take place on 23rd September, and the full catalogue can be viewed here.


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

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 and Leeds. 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.

Contact

For further information or supply of images contact:

SEC Newgate UK on 0203 757 6890 or allsop@secnewgate.co.uk

Or email May Dalton, Commercial Marketing and PR Manager at Allsop at may.dalton@allsop.co.uk

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