Allsop’s next residential auction on the 28th March will see 294 lots go under the hammer, ranging from an apartment block in Greenwich to a stately home in Cumbria, providing investors with a wide variety of opportunities.
The largest lot in the catalogue is lot 35 in Greenwich. This is an incredibly rare opportunity to purchase a block of 18 three-bedroom flats which offers a variety of development opportunities, subject to planning approvals. The building is guided at £7m.
For those looking for a prime central London investment and potential development opportunity, lot 50, comprising five flats is ideally located in sought-after Mayfair. The 6,260 sq ft building sits on Charles Street, moments from Berkeley Square, Annabel’s private members club, Sexy Fish, plus the charming shopping strip of Mount Street. The property has the potential for possible redevelopment, subject to planning approval and is guided at £6m.
Outside of London, lot 242, in Coventry property comprises 65 studio flats let on a single five-year lease. Within walking distance of the city centre and Coventry University, the building generates a strong income at£355,000 per annum. It is guided at £6.5m.
In contrast a 20-bedroom Grade II listed mansion surrounded by almost 15 acres of grounds in Cumbria is to go under the hammer. Lot 265 is located, close to the village of Maulds Maeburn within the popular Yorkshire Dales National Park. The property has a guide price of £440,000.
The catalogue also features 21 regulated tenancy investments, which are likely to be popular with investors.
Richard Adamson, Partner and Auctioneer, Allsop said: “Given the political back drop is still incredibly uncertain with Brexit looming later this month, a catalogue of this size and quality is sending a strong message that it is still business as usual.
“The catalogue offers its usual wide variety of assets that will appeal to everyone from the investor to first time buyers to developers. Due to this, we are expecting strong competition on the day.”
The auction will take place on March 28th at The InterContinental London Park Lane, W1J 7QY. The catalogue can be viewed online.
Notes to editor
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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: http://www.allsop.co.uk/our-services/auctions/selling-at-auction/