The highest value investment, guided at £4.5-£5m, is a lot consisting of the leasehold to a former Debenhams in Sheffield, Yorkshire
Allsop has released its May residential auction catalogue, offering 174 lots of which 20 are guided above £1m. Several lots feature significant repurposing potential, including a former Debenhams in Sheffield city centre.
The new catalogue provides potential buyers with a wide geographical spread of investments and developments, with lots available in London, Sheffield, Kent, and other in-demand locations. Opportunities include a diverse mix of houses, apartments, ground rent investments and mixed-use schemes from a varied pool of sellers.
Richard Adamson, partner and auctioneer at Allsop, said: “We are pleased to release another strong catalogue, with over 170 lots on offer. Our next auction is set to offer plenty of value-add opportunities across the country. As the market continues to go from strength to strength, we have witnessed a very busy first quarter, demonstrating how robust residential property remains as an asset class for investors. We are expecting a busy couple of weeks ahead of the auction as buyers seek express early interest in lots.”
Highlights from the residential catalogue include:
- Lot 41 – former Debenhams building in Sheffield city centre with redevelopment potential, extending to approximately 213,892 sq. ft, guided at £4.5- £5m
- Lot 32 – a freehold detached purpose-built block of 33 self-contained flats with landscaped communal gardens and car parking area, situated in Tunbridge Wells, Kent, guided at £4.25m+
- Lot 83 – a freehold building providing ten self-contained flats and three commercial units subject to long lease situated in Great Missenden, Buckinghamshire, guided at £2.8m+
- Lot 76 – a freehold former office and retail building with planning permission to form a student hall of residence comprising 97 bedrooms, located in Portsmouth, Hampshire, guided at £2.3m+
Allsop’s next residential auction will be held virtually on 12th May, and the complete catalogue is available here.