Allsop has said that the catalogue for its October residential auction indicates that sellers are ignoring the government’s last-minute Brexit negotiations and pressing ahead with business as usual.
The auctioneer this week published the catalogue for its next residential auction, which is due to take place on the day the UK is currently scheduled to leave the EU. The catalogue includes 217 lots, including 12 guided above £1m.
The lot with the highest guide price is a 0.5-acre site in Bellingham, south-east London. The site is currently occupied by light industrial buildings, but has planning permission for 14 mews houses, four self-contained flats and two commercial units. It is to be guided at £2.7m-plus.
The catalogue also includes a 1,463 sq ft mansion flat in South Street, Mayfair, W1, which has recently undergone refurbishment. Guided at £1.7m, the two-bedroom flat overlooks Mount Street Gardens, which during the Second World War was a meeting place for Winston Churchill and Dwight D Eisenhower.
“The market has been fragmented and unpredictable for some time now, due to the huge political uncertainty that the UK is operating in. However, a catalogue of this size and quality suggests that the sentiment from many sellers is very much that business and life go on,” said Richard Adamson, partner and auctioneer at Allsop.
“The residential property market is a very robust sector, and with sensible pricing and thorough marketing, properties will generate interest and competitive bidding on the day.”
The auction will take place on 31 October at the Hard Rock Hotel, Great Cumberland Place, W1.
