Allsop’s final commercial auction of the year will see 237 properties located throughout the UK go under the hammer, with guide prices up to and including £4m.
The two-day sale, which will be held on 5th and 6th December at The Berkeley in Knightsbridge SW1, will include a Pizza Express restaurant in Soho and a 0.89-acre site near Heathrow.
Notably, 75 lots are located within London and the South East and 50 lots have guide prices at or in excess of £1m.
The total income from all the lots on offer is in excess of £12.5m per annum. The vendors are dominated by funds, including Olim, Aviva and Columbia Threadneedle, and eight different asset managers, who are responding to the strength of demand that we saw in the last sale in October – the biggest for a decade.
Property operators, including Sports Direct and Integrated Dental Holdings, are also offering assets along with a wide range of private propcos and investors.
George Walker, partner and auctioneer, said: “The £117m October auction was pivotal in moving the market on, beyond Brexit, with buyers responding to the opportunities that commercial investments can offer in terms of yield and income security, at a time when the options for cash returns are minimal.
“Buyers regularly tell us that they are seeking larger lots in London and the South East. With 50 lots guided at more than £1m and 75 lots in London and the South East, we anticipate a busy two day sale.”
The catalogue can be viewed online by clicking here.