Auctions

Allsop all set for final commercial auction of the year

Property Reporter
|
25th November 2021
auction

Auctioneer, Allsop, has released its final commercial auction catalogue of the year, with 161 lots on offer from across the country.

Since the start of the year, the firm has raised £511m following the sale of 680 lots at its commercial auctions, with an average success rate of 92.5%.

Highlights of Allsop's final commercial event include Lot 8: Palmers Green, London - pharmacy let to Boots with three flats above. Guided at £2m (5.4% GIY), Lot 21: Gerrards Cross, Buckinghamshire Three self-contained office suites and two flats, comprising a total of 3,712 sq ft. Guided at £1.8m+ (5.24% GIY), and Lot 66: Stockton-on-Tees, Multi Let industrial estate of 75,270 sq ft let at £281,172pa. Guided at £3.5m+ (8.0% GIY)

George Walker, Partner and Auctioneer at Allsop, said: “This catalogue is the culmination of a strong year in our market, with £511m of sales to date. Despite starting the year in lockdown, 2021 has proved to be the busiest since 2018, before Brexit negotiations caused some bumps in the road.

“Buyers are clearly keen to make their cash work for them and the wide range of assets on offer in this catalogue provides opportunities for all, from High Street and convenience retail to roadside, offices and significant multi-let industrial estate investments.”

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