Allsop releases largest catalogue since 2019 for its first commercial auction of the year

• Allsop releases February commercial auction catalogue featuring 129 lots across the UK with guide prices from £75,000 to £3,400,000
• 23 lots have a guide price of £1m or above
• The largest lot is a modern retail warehouse in Southampton guided at the price of £3.4m (9.55% GIY)

Allsop, the UK’s top property auction house has released the catalogue for its first commercial property auction of the year, featuring 129 lots of which 23 are guided at or above £1m.

The catalogue includes a variety of investments including retail parks, retail parades, industrial ground rents, and pharmacies across the UK, as well as five separate portfolios including one of 16 freehold ground rent assets being auctioned on behalf of Bournemouth, Christchurch and Poole (BCP) Council.

Allsop’s commercial auction arm sold a total of 721 lots in 2022, raising more than £549m with an overall success rate of 90%.

George Walker, partner and auctioneer at Allsop, said: “Starting as we mean to go on, this is a strong catalogue of attractive investments with which to begin the year. Our largest February catalogue since 2019, it boasts an unusually wide breadth of opportunities, including portfolios from the likes of the London Borough of Bromley and BCP Council.

“We are offering a wide range of lots from an entire retail park and several retail parades to industrial ground rent assets, standalone shops let to Boots and William Hill among others, and a significant range of commercial and mixed-use properties across the country. As the market begins to settle to its new level, we are anticipating another busy year as investors seek to hedge against inflation with income-producing assets.”

Other highlights include:

• Lot 28 – Southampton: a long leasehold retail warehouse investment in Southampton comprising 2,3 & 4 units guided at £3.4m
• Lot 20 – Christchurch: a freehold industrial ground rent investment in Christchurch, Dorset, guided at the price of 1.36m+
• Lot 35 – Hoddesdon: a long leasehold warehouse investment in Hoddesdon, Hertfordshire guided at the price of £2.2m+

Allsop’s next commercial property auction will take place online on February 9th, and the full catalogue is available here.