Allsop releases June residential catalogue ahead of next in-room auction

• The new residential catalogue features 218 lots across the UK
• 21 lots have guide prices of £1m or above, including a block of flats in Surrey guided at £4.5m+
• Allsop’s first in-room auction in three years in May raised £47m+ despite ongoing base interest rate increases

Allsop has released its June residential auction catalogue offering 218 lots, 21 of which are guided at £1m or above. The latest catalogue features a mixture of investment and development opportunities across the UK, including houses and flats, ground rent investments and development sites as well as less conventional assets, such as air space, a care home and a former church.

Last month saw Allsop residential auctions’ successful return to the ballroom following three years of online-only trading. The May auction subsequently raised over £47m+ from the sale of 136 lots, demonstrating investors’ ongoing appetite for deal-making despite the announcement of the latest Bank of England rate rise on the day of the auction. 

With buyers’ convenience in mind, Allsop’s residential auction team has adopted a flexible approach to conducting auctions, with some residential sales set to take place in the ballroom, while others – exclusively online.

Richard Adamson, partner and auctioneer at Allsop, said: “Following the success of our first in-room auction in three years in May, we are delighted to release our June catalogue. Once again, we will be conducting our next auction at the Berkeley Hotel, Knightsbridge where bidders will be able to participate in person, online, by phone and by proxy. The new catalogue offers enticing opportunities across the country, including a number of exceptionally high-quality investment and development opportunities. In an economic climate with high inflation and rising borrowing costs, this catalogue offers plenty of opportunities for buyers looking for income as well as value-add opportunities.”

Auction highlights include:

• Lot 54: a freehold block of 34 self-contained flats in Surrey, with 26 flats subject to assured shorthold tenancies and eight flats sold off, with the total current rent reserved of £292,763 per annum, guided at £4.5m+
• Lot 42: a mixed-use development/investment opportunity in Kingston upon Thames, comprising a former pub extending to approximately 10,000 sq ft and five self-contained two-bedroom flats, all with a direct view of the River Thames, guided at £3.25m+
• Lot 21: a freehold four storey building in Marylebone, extending to approximately 2,800 sq ft, comprising a vacant commercial unit (class E) with a vacant four-bedroom flat above, guided at £2.55m+
• Lot 133: a block of four self-contained flats in Liverpool, with the total current rent reserved at £174,180 per annum, guided at £1.4m+ (GIY of 12.44%)

Allsop’s next residential auction is taking place on 22^nd June 2023 at The Berkeley Hotel in Knightsbridge. The complete catalogue can be viewed here.