"As we look ahead, success in 2025 will continue to depend on realistic pricing and a strong grasp of market dynamics, which is something our experienced team continues to demonstrate"
- Alex Neil - Allsop
Property consultancy and auction house, Allsop, has announced that it raised £32m at its May commercial auction, representing a success rate of 76%.
The highest-value lot to sell on the day of the auction was a shop investment in North Finchley, with lapsed planning for eight residential units, which sold for £1.77m.
Prior to auction, Allsop facilitated the successful sale of a client’s mixed-use portfolio in Kingston-upon-Thames - comprising three separate shop and office investments - which exchanged early in the marketing period. The portfolio sold for a combined price in excess of £3.5m, demonstrating strong demand for value-add assets which offer redevelopment and active management opportunities.
The auction saw sustained investor appetite for well-located and well-let assets, with mixed-use lots continuing to attract strong interest - particularly those let at sustainable rents or offering potential to add value. Notably, buyers were willing to bid competitively and pay sharper yields for premium London assets, reflecting a continued push for quality and an appetite for value-added opportunities.
Allsop’s latest buyer survey revealed strong demand from both local and national buyers, with 100% saying they would like to buy again, as well as a significant increase in those using finance (54%, up from 36% in March).
Highlights of the auction included Lot 3: Tooting – a well-located shop, entirely let to Vodafone Ltd until 2026, with redevelopment potential. Situated opposite Tooting Broadway Underground Station, sold for £1.05m, Lot 21: Canterbury – a trade counter of 12,081 sq ft let on a lease renewal to Magnet Ltd at £110,000 p.a. until 2034, sold for £1.3m, and Lot 46: Maidstone - town centre restaurant let to Zizzi Restaurants Ltd on a lease expiring 2035, sold after auction in excess of £1,050,000.
“In today’s challenging market, accurate pricing is more important than ever," explained Alex Neil, commercial auction partner at Allsop.
"When properties are priced in line with market expectations, they generate strong and consistent demand, and our deep market insight and precise marketing advice enable us to deliver the best possible outcomes for our clients. As we look ahead, success in 2025 will continue to depend on realistic pricing and a strong grasp of market dynamics, which is something our experienced team continues to demonstrate.”
Allsop’s next commercial auction will take place online on 11th June 2025.
