Allsop’s third commercial auction of the year on 23 May at The Berkeley in Knightsbridge, SW1, will see 179 lots offered, including a Waitrose supermarket in Melksham, Wiltshire, and a rare Grade II listed centrifuge facility in Farnborough, Hampshire.
The sale will see a range of properties located throughout the UK go under the hammer, including a number of substantial commercial investments, with around a quarter of the lots offered at guide prices above £1m.
Assets offering high yields are expected to remain popular. This includes investments such as lot 125, a shopping centre in South Shields providing a yield of 12.04%. It comes complete with a bingo hall and is part of the South Shield’s centre which is currently undergoing a £100m regeneration programme.
George Walker, partner and auctioneer at Allsop, said: “Our May commercial auction has a wide range of investment opportunities with highlights ranging from a store let to Whole Foods in Stoke Newington to a Waitrose in Melksham, both providing investors with exposure to strong sectors in good locations, and long-term income.
“Investors continue to seek income from their cash reserves and we anticipate a busy auction room on 23rd May.”
The catalogue can be viewed online by clicking here.