Allsop releases its November commercial auction catalogue featuring 129 lots following a record-breaking September auction, which raised in excess of £105m
56 lots are located in London and the South East, with 34 guided at or above £1m
The highest-value property of the catalogue is the Green Oaks Shopping Centre in Widnes, guided at £3.5m+
Allsop has released its seventh commercial auction catalogue of the year, with 129 lots on offer, among which 106 are retail assets. The new catalogue features a range of attractive commercial properties across the country, among which are assets with RPI-linked rent reviews, offering an opportunity to test the appetite for inflation-proof assets as UK inflation is set to exceed 4%.
The November catalogue features 34 lots guided at £1m+, of which 12 are guided at £2m or above.
Since the start of the year, Allsop commercial auctions have raised £430m following the sale of 577 lots, with an average success rate of 92%.
George Walker, Partner and Auctioneer at Allsop, said: “Following the success of our September sale, the biggest since October 2018, we’re expecting to see strong levels of buyer demand at our upcoming auction. Our new, 129-lot-strong catalogue will undoubtedly have something for every type of investor, offering a healthy mix of assets with varying risk profiles, including inflation-proof investment opportunities, which we expect to particularly resonate with buyers given the inflation rate in the UK is on the increase.”
Key highlights include:
- Lot 75 – the Green Oaks Shopping Centre in Widnes, Cheshire, let to tenants including Holland and Barrett, Vodafone, Peacocks, and Royal Bank of Scotland, guided at £3.5m+ (21.8% GIY)
- Lot 27 – the Moorlands Shopping Centre in Leek, Staffordshire, comprising seven shops and a 90-space car park. Tenants include Iceland, Home Bargains and Wilko. This lot is guided at £2.8m – £3m (15.1% GIY)
- Lot 18 – Colliers Wood Library let to Merton Council until 2043 with RPI linked reviews, guided at £1.59m (3.8% GIY)
- Lot 9 – a bank investment in North Finchley, fully let to the Royal Bank of Scotland until 2031 with no breaks, with future development potential, guided at £2.05m – £2.15m (4.9% GIY)
The online-only commercial property auction will take place on 2nd November, and the full catalogue can be viewed here.