Allsop reveals first auction catalogue of the year as commercial auction sales surpass £580m in 2021

• Allsop’s February commercial auction catalogue comprises 74 assets across the UK, including high-quality industrial and retail investment opportunities
• 22 lots are marketed with a guide price of £1m+
• The highest-value property is a multi-let warehouse and office investment in Barnsley, guided at £4.9m+

Allsop has released its first commercial auction catalogue of the year with 74 lots available, ranging from a ground rent investment in east London, offered without reserve, to a multi-let warehouse and office scheme in Barnsley with a guide price of £4.9m+.

Will Clough, Associate and Auctioneer at Allsop, said: “Following a remarkably successful trading year, which saw Allsop raise over £580m through commercial auctions alone, we are pleased to release this new catalogue with a diverse selection of assets across the UK. Last year we observed a notable increase in the volume of retail assets being traded as dialogue between landlords and tenants improved. In many instances, leases were re-geared, rents re-based and arrears positions clarified, all of which, undoubtedly, contributed to increased investor confidence.

“With what now appears to be the peak of the Omicron variant behind us, we expect to see the market momentum of 2021 continue into the first part of this year. We anticipate healthy competition for the most sought-after assets across the whole spectrum of commercial property at our February auction.”

Key highlights:

• Lot 27 : a multi-let warehouse and office investment in Barnsley on a 6.25 acre site close to the M1, guided at £4.9m+  (7.5% GIY)
• Lot 7 : a convenience store in Chesham let to Tesco with a 0.3-acre site with development potential on a lease expiring in 2036, guided at £1.9m – £2m (5.5% GIY)
• Lot 18 : two buildings with an approximate area of 6,705 sq ft in Southend on Sea let to The Co-operative Bank Plc until 2073 with no breaks, guided at £1.5m+ (5% GIY)
• Lot 22: a city-centre restaurant in Norwich let to McDonalds Restaurants Ltd until 2031 with no breaks, guided at £2.7m – £2.8m (7.1% GIY)

Allsop’s commercial auction team raised £584m from the sale of more than 800 lots in 2021, with an overall success rate of 93%, reflecting a 30% increase on the results achieved in 2020.

The online-only commercial property auction will take place on 3^rd February, and the full catalogue can be viewed here.