Allsop has launched its July commercial auction catalogue, comprising 114 lots in a range of locations across the UK, including 32 located in London and the South East.
The catalogue includes a variety of investment opportunities across the retail, office and hospitality sectors, with 33 of the lots being guided at more than £1m.
The largest lot of the sale is a Co-operative supermarket in Kingswinford near Dudley in the West Midlands (lot 36), pictured, which has a guide price of £4.4m. It is let to Midcounties Co-operative Society until 2025 at a rent of £281,544 pa, reflecting a gross initial yield of 6.4%.
Other highlights include bank premises in Hounslow, west London (lot 30), let to HSBC until 2029 at £185,000 pa, which is guided at £3.45m-plus; a restaurant in Norwich (lot 35), let to McDonalds Restaurants until 2031 at 192,000 pa, with a guide price of £2.9m-£3.1m; and a pharmacy investment with development potential in North Finchley, London (lot 30), let to Boots UK until 2029 at £75,000 pa, guided at between £1.3m and £1.4m.
George Walker, partner and auctioneer at Allsop, said: “This year has been marked by growing demand from private investors. We have seen high levels of interest in larger assets, which our clients have responded to with the larger-than-typical lot size of this catalogue.
“With Covid restrictions on track to be lifted by 19 July, buyers’ confidence is on the rise, and we expect to see even higher volumes of investors compete for some of the most coveted assets, from long-income to mixed-use opportunities.”
Allsop’s next online-only commercial property auction will take place on 20 July. Click here to view the full catalogue.
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