A mixed-use Grade II listed building in Hampstead Village, north London, will go under the hammer in the next Allsop residential auction, guided at more than £2.5m.
The former Horse & Groom pub on Heath Street, NW3, is split into a shop with three flats above. It produces £104,500 with two flats vacant, a yield of 4.18%.
The Hampstead Village investment is one of the largest of 296 lots listed for the live-streamed sale on 26 and 27 March. This is an increase of 20% compared with its catalogue at the same time last year. A total of 17 lots in this month’s sale are guided at £1m-plus.
Richard Adamson, partner and auctioneer, said: “We have seen more buyers returning to the market over the past few months as the wider economy has become less volatile and interest rates have settled from the raft of increases experienced last year.”
Allsop’s February residential auction raised more than £52m.
March auction highlights include:
- Lot 74: Harrogate, North Yorkshire – a freehold Grade II listed former chapel conversion, guided at £850,000-plus
- Lot 160: Reading, Berkshire – a freehold site with planning for 26 flats and two retail units, guided at £1.75m-plus
- Lot 171: Deptford Broadway, London – seven leasehold flats and a leasehold retail unit, fully let producing £143,496 pa, guided at £1.6m-plus
- Lot 173: Hampstead Village, London – a freehold Grade II listed mixed-use building comprising a shop and four self-contained flats, guided at £2.5m.
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