Allsop has released a bumper catalogue for its September sales, offering more than 100 lots guided at £1m or more.
The catalogues together offer a total of 488 lots, with more than 30 residential and 71 commercial investments guided at or above £1m. A total of 11 properties in the commercial catalogue and 10 in the residential catalogue are guided at or above £2m.
Of the 230 commercial lots, 82 are located in London and the South East, with the rest spread across the country, offering buyers national investment opportunities. Of the 258 lots listed in this month’s residential catalogue, 173 are located in the capital and the South East.
Richard Adamson, partner and residential auctioneer at Allsop, said: “We have been looking forward to unveiling our bumper September residential auction catalogue – the biggest it has been since December 2021 – as we know thousands of buyers are currently on the lookout for well-priced investment opportunities that would help them safeguard their cash against inflation. Property remains among the most sought-after investment classes in the UK due to its proven ability to hold value even in the most challenging of times.”
George Walker, partner and commercial auctioneer at Allsop, said: “The size of our September catalogue is a testament to our ability to get transactions done by matching buyers and sellers with an auction contract to sign. Given our wide buyer base, we are thrilled to be able to present them with an even greater variety of options: this month, we are offering a larger than usual number of high-value lots whose combined guide prices exceed £175m.”
He added: “In addition, we are providing potential buyers with the chance to buy into dozens of properties which were previously bundled up into portfolios and not available for purchase on an individual basis. Our September sale will provide an interesting opportunity to gauge market sentiment in a fast-changing economic environment.”
The residential catalogue includes a freehold Grade II* listed manor house and estate in Chippenham, Wiltshire, comprising private parkland, a swimming pool, a tennis court and a walled garden as well as a further five properties in addition to the main dwelling, which is guided at £1.25m-plus (Lot 25).
The commercial catalogue includes a 26-unit industrial estate in Sittingbourne, Kent, (lot 105), which is guided at £4.75m – a 7.2% gross initial yield.
Allsop’s next commercial auction will take place on 20 September. The residential auction will be held on 22 September. Both auctions will take place virtually.
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