Property consultancy and UK auction house Allsop has released the catalogue for its June commercial auction, featuring 77 lots ranging in size from £3.5m/£3.75m to a lot in Southend-on-Sea offered ‘without reserve’.
Twelve lots are guided at £1m or more, including five with price expectations exceeding £2.5m. The highest-value lot is a multi-let office building in Sutton, guided at £3.5m to £3.75m and predominantly let to international accountancy firm Mazars. At the other end of the market, an 80,000 sq ft vacant office in Blantyre, Glasgow, carries a disclosed reserve of just £1.
Several assets are expected to attract strong investor interest, including a Sainsbury’s Local in Shepherd’s Bush, London, which includes seven flats above; a veterinary practice in Carlisle let on a long lease with CPI-linked uplifts; and a portfolio of funeral parlours. In Leeds, a Wagamama restaurant with offices above offers residential conversion potential in a central location.
London and the South East continue to feature prominently, with a number of lots in high-demand areas. One example is a retail ground rent investment in Hampstead, let for another 64 years, which is likely to appeal to buyers focused on long-term income and future planning.
This auction marks Allsop’s fourth dedicated commercial sale of 2025. The first three auctions of the year achieved a combined total of £125m from 187 lots, including 35 priced over £1m, and maintained a success rate of 85%.
“While the commercial property market has experienced a quieter start to the year, the recent interest rate cut has injected a renewed sense of optimism among buyers and sellers," explained commercial auction partner at Allsop, Alex Neil. "With savings rates continuing to fall, commercial property is once again standing out as an attractive asset class. Auctions remain the most accessible entry point for private investors, offering speed, transparency, and certainty - qualities that continue to resonate strongly with both buyers and sellers.”
