Back
News

Allsop March commercial catalogue features 33 £1m plus lots

Allsop has released its latest commercial auction catalogue featuring 140 lots, of which 33 are guided at or above £1m.

The catalogue includes retail parades, pharmacies, industrial assets, ground rent investments and restaurants.

At its February commercial auction, Allsop sold 105 lots, raising £62.6m and reaching a success rate of 92%.

Highlights include: a nationwide portfolio of 27 betting shops let on new leases to William Hill (as pictured) with CPI linked reviews, with guide prices ranging from £90,000 to £300,000; a portfolio of six neighbourhood parades in the London Borough of Bromley with active asset management opportunities, with guide prices ranging from £250,000 to £3.4m; and a double shop unit in Hammersmith with a medical practice above and future residential potential, with total reserved rent of £181,250 p.a., guided at £3m.

Allsop partner and auctioneer George Walker said: “As the financial year comes to a close, we’re offering investors a broad range of opportunities to invest their capital across the country, acknowledging their varying investment requirements.

“Over the last 12 months, we’ve seen our average lot size increase, despite the market uncertainty, and this auction is no exception – with 33 lots guided at £1m plus continuing that trend.”

The auction will take place online on 23 March.

To send feedback, e-mail newsdesk@eg.co.uk or tweet @EGPropertyNews

Photo © Allsop

Up next…