- Total raised in 2020 stands at £246m, with Allsop having sold 91% of lots
- 21 lots have guide prices of £1m or above, with the highest valued lot being £4.5m+
- Catalogue covers all sectors with concentration in the South East and several added value/development opportunities
We have launched our first ever September commercial auction catalogue, demonstrating that the market continues to defy expectations during the Covid-19 period. Since March 2020, we have raised over £174m at four commercial auctions during lockdown, highlighting the confidence that both vendors and buyers are showing in the online auction format and their appetite to invest.
The September catalogue consists of 138 lots and offers a wide range of opportunities across a number of sectors, with 21 lots priced at over £1m and the highest – lot 32 in Haslemere – priced at £4.5m+.
George Walker, partner and auctioneer, said: “We have been very fortunate to have seen little let up in our sales throughout lockdown as the market adjusts to the new normal. Unlike many sectors, commercial property remains attractive to investors looking for secure, long-term income as well as added-value development or mixed-use opportunities.
“As we continue to face an unprecedented economic climate and a continuously evolving market, the final quarter of the year will be as interesting as the rest of it. We have attracted many new private investors as the market has responded well to our online offering and we anticipate a busy and competitive auction market for the remainder of the year.”
The catalogue offers several long-term development opportunities including lot 52, a Barclays Bank with offices above in Streatham, London (guided at £3m), and lot 30, an entire parade of seven shops and maisonettes in Orpington, Kent (guided at £3-3.25m).
The next online-only commercial property auction will take place on 22nd September. The catalogue can be viewed online.
Notes to editor
For further information or supply of images contact:
Newgate Communications on 0203 757 6890 or firstname.lastname@example.org
Or email Victoria Lloyd-Jones, Head of Marketing at Allsop at Victoria.Lloyd-Jones@allsop.co.uk
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
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. Visit: www.allsop.co.uk