Allsop’s next residential auction on 30 May will see 342 lots go under the hammer – its largest catalogue since the vote to leave the European Union in June 2016.
The sale includes 19 lots guided at more than £1m, with almost one-fifth of the total number of investments located in Greater London.
The highest-value lot is a 16-flat block subject to an assured shorthold tenancy with six commercial units in Crouch End, N8, which produces rent of £307,052 pa. It is guided at £6.5m, with a gross initial yield of 4.72%.
Also located in north London is a red-brick residential property in sought-after Hampstead, NW3 (pictured). It is the first time in 20 years the property has been available to purchase. Comprising 11 flats, with a total floorspace of 8,501 sq ft, and located within a five-minute walk of Swiss Cottage London Underground station, the property is guided at £4.5m.
Richard Adamson, partner and auctioneer at Allsop, said: “The depth of this catalogue demonstrates that, after years of political uncertainty following the vote to leave the European Union, property investors are taking a positive approach to selling and are no longer waiting for a conclusion to the Withdrawal Agreement.
“May’s residential auction will offer a very strong selection of properties across the country, ranging from investment and development opportunities to vacant freehold houses and apartments.
“Assets that offer significant opportunity for redevelopment continue to generate interest and are likely to be sought-after on auction day.”
The auction takes place at the InterContinental London Park Lane, W1.
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