Allsop’s next residential auction will see more than 275 lots auctioned, 50 more lots than its March 2017 sale.
Allsop’s bumper March catalogue consists of a wide range of properties from across the country and will take place on the 28 March 2018 at the InterContinental Hotel Park Lane.
The highest value lot to go under the hammer is lot 40, a former golf driving range in Greater Manchester – one of 25 investments guided at £1 million-plus. The 6.5-acre Didsbury site comes with outline planning permission for 75 houses, guiding at £6.8 million.
Lot 61, a purpose-built block of 22 self-contained flats in Horsham, West Sussex, is the second highest value lot in the catalogue with a guide price of £6 million-plus.
“The success of our February auction provided a boost of confidence to the market, especially in London and the South East,” Richard Adamson, partner and auctioneer of Allsop, said. “The March catalogue builds on this, boasting more than 50 lots compared to this time last year.”
Lots with the potential for permitted development rights are also set to be popular. Lot 58, for example, a freehold chapel in Surrey with permitted approval for change of use from office space to 18 residential units, is guided at £1.6 million-plus and will be of particular interest among bidders.
Lot 133 and lot 134 (both student houses) are likely to attract attention. The high-quality Georgian terraces are situated in Liverpool and located in the desirable Georgian Quarter, offered at £425,000 and £1.9 million respectively.
In London, lot 103, a sought-after Grade II listed mid-terrace building in Paddington, is one of ten properties bequeathed to the Dogs Trust in a donor’s will. Four other properties in London and five in Somerset are also set to go under the hammer, with the proceeds to be donated to the charity.
Adamson added: “The increase in volume is likely to be due to vendors that lacked confidence at the beginning of the year, returning to the market. This is coupled with lots from sellers that have become frustrated by long, protracted private treated sales and are turning to the auction room for its efficiency in concluding a transaction.”
“The catalogue includes a wide selection of investment and development opportunities from across the UK, and we anticipate fierce competition for realistically priced assets.”
The auction will take place on 28 March at InterContinental London Park Lane, One Hamilton Place, Park Lane, Mayfair, W1J 7QY. To view the catalogue online, click here.