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Allsop August auction will be its biggest sale this year

Allsop will offer its largest catalogue so far this year in its August auction, with 275 lots.

The residential sale will take place online on 3 August, with 10 lots having a guide price in excess of £1m. It includes a block of eight flats in Kennington (pictured) with a guide price of £2.5m-plus.

The August catalogue features a mix of investment and development opportunities across the UK. It includes a former office building with planning permission for redevelopment and less conventional assets, such as roof space.

Other substantial lots include a former care home with development potential in South Croydon and has a guide price of £1.9m-plus.

Richard Adamson, partner at Allsop, said: “The current market conditions have made transacting challenging for many property owners, but the success of our June auction sale has encouraged a number of motivated sellers to consider the auction route – a safe way of securing a swift sale at any time of the year, even the summer holidays.”

Allsop’s July auction raised more than £44.7m from the sale of 118 lots. They have raised a total of £193m so far this year.

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Picture from Allsop

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