Allsop releases largest commercial auction catalogue in 3 years
Allsop, the leading property consultancy and the UK’s largest property auction house, has released its largest September commercial auction catalogue since 2022, featuring 185 lots ranging in size from £5,000 to £3m+.
The catalogue includes 43 lots guided at or above £1 million with the largest being a freehold multi-let office investment in Bromley, with residential planning permission, which is guided at £3m – £3.25m. In Sheffield, the Grade II listed former headquarters of the Sheffield Telegraph and Star is being offered with a guide price of £2.25m+ and comprises a supermarket, three shops and offices above, together with eight flats let on long leases.
At East Midlands Airport, a package of six ground rents, let to tenants including Tui & Ryanair together with the airport’s fire station, and an office investment are being offered on behalf of a major UK fund manager with guide prices ranging from £5,000 to £1m+.
As with previous auctions, a significant proportion of lots (77) are located in London and the South East. These include a freehold industrial estate in Wimbledon comprising four units on a site of approximately 0.227 ha (0.56 acres), while a shop and four-bedroom maisonette on Kensington Park Road in Notting Hill is guided at £1.9m – £2m and will be of interest to those seeking prime locations.
Despite the challenging macroeconomic environment and persistent uncertainty, Allsop has sold 307 commercial lots worth a combined £201m since the start of the year, with an average success rate of 86%.
Alex Neil, Commercial Auction Partner at Allsop, said: “We’re thrilled to be bringing the UK’s largest dedicated commercial auction catalogue in three years to market, showcasing an exceptional range of opportunities for investors. With 185 lots and guide prices totalling £125 million, this catalogue reflects the continued strength, liquidity and diversity of the commercial property sector. We’re proud to be the trusted choice of a diverse client base – from institutions to private investors – to deliver swift, impactful results at our upcoming auction.”
Commercial auction highlights include:
Lot 86 – Bromley, London – a freehold multi-let office investment of 17,221 sq ft with planning permission for a mixed-use scheme, guided at £3m – £3.525m
Lot 38 – Sheffield, Yorkshire – a well-located freehold city centre Grade II listed building comprising a supermarket, three shops with offices and eight flats above let on long lease, guided at £2.25m+
East Midlands Airport Portfolio – a portfolio of six ground rents and an office investment at East Midlands Airport with guide prices ranging from £5,000 to £1m
Lot 28 – Wimbledon, London – a multi-let industrial estate comprising four units on 0.56-acre site, within an established South West London industrial location. Current total rents of £197,000 p.a. and guided at £2.4m – £2.5m (8.2% GIY)
Lot 17 – Notting Hill, London – a well-located shop and four-bedroom maisonette in an affluent West London district guided at £1.9m – £2m (5% GIY)
Allsop’s sixth commercial auction of 2025 will be live streamed online on Tuesday, 30th September.
