Allsop has released its last commercial auction catalogue of the year, featuring 88 lots, of which 18 are guided at or above £1m. The catalogue includes a variety of investments, including convenience retail, pharmacies, industrial assets and leasehold offices across the UK.
The highest-value lot of the catalogue is a virtual freehold restaurant, leisure and ground rent investment opposite Spitalfields Market in London, let at £270,000 pa and guided at £2.7m-£2.8m (lot 38, pictured).
The auction will include the sale of two portfolios: 19 veterinary surgeries let to Medivet located predominantly in the South East, many with residential use on upper floors and development potential; and 11 pharmacies let to Boots located throughout the UK.
Other highlights of the sale include:
- Lot 4 – a convenience store and two flats in Pangbourne, Berkshire, let to Co-operative Foodstores with a guarantee until 2037, guided at £1.3m-£1.4m
- Lot 5 – an estate agents office in South Kensington, London, let to Foxtons until 2032 with a maisonette above, guided at £1m-£1.1m
- Lot 8 – a multi-let industrial estate in Leominster comprising eight industrial units, two office suites, two yards and car parking, guided at £1.35m-£1.45m
- Lot 21 – a shop and two flats situated 100m from South Ealing Underground station in London, guided at £1m-£1.1m.
Since the start of the year, Allsop has raised £500m from the sale of 634 lots, with an average success rate of 89%. Of this total, 163 lots were purchased for £1m or above.
George Walker, partner and auctioneer at Allsop, said: “Despite the challenging market conditions, we have continued to deliver consistent results for our buyers and sellers. Since the infamous mini-Budget announcement, which sent shockwaves through the property industry, we have sold £80m of assets, proving that there is still ample appetite for well-located commercial property and sufficient market liquidity.
“We are pleased to present yet another high-quality catalogue featuring a variety of assets located in prime spots throughout the UK, including London, the Home Counties and the West Midlands.”
Allsop’s final commercial auction for 2022 will take place online on 8 December.
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