Strong demand for retail property from investors helped Allsop raise £57.7m at its first commercial auction of the year last week, with an overall success rate of 82% which is expected to rise further.
Activity at the sale suggests that investor demand for mixed-use assets in London and the South East is as strong as ever, as the auction started with two freehold shops with maisonettes close to Gants Hill Underground station, which both sold for yields of below 4.8% net, at £472,500 and £453,000 respectively.
The average A grade retail yield dropped from an average of 6% net in December to 5.6% net.
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