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More investment opportunities at Allsop’s February sale

Allsop’s next residential auction will see more than 300 lots auctioned at The InterContinental London Park Lane, London.

The sale, which will take place on February 14, features a wide variety of development and investment opportunities across the country.

The highest value investment featured is lot 35, a freehold mid-terrace building in Chelsea. Located minutes from West Brompton station and just off Lillie Road, the 4,002 sq ft building sits in a sought-after South West London location. The lot has potential for redevelopment and is guided at £3.8 million.

Under a third of all lots in the catalogue are based in London, including lots 30-33, four freehold buildings in Finsbury Park. With a total area of 14,330 sq ft and featuring 155 bed spaces and 45 rooms, the site has incredible redevelopment potential. The site also benefits from off street car parking for up to 14 cars, with a collective guide price of £4.75 million.

Lot 45 and 46, two freehold detached buildings in Grove Park, Lewisham, present another development opportunity. To be offered either separately or collectively, the entire 23,522 sq ft site currently has approved planning permission for redevelopment and extension across both buildings. The properties collectively have a guide price of £2.8 million.

Also in the South East, lot 84A, the Royale Retreat Spa and Health Club in Royal Tunbridge Wells is to be offered at the February auction with a guide price of £650,000. This unique investment comprises of a ground floor and basement spanning 5,496 sq ft and a large indoor swimming pool. Located on the doorstep of Tunbridge Wells train station, the property comes with planning permission to convert the ground floor into two apartments.

Gary Murphy, partner and auctioneer at Allsop, commented: “The February catalogue is particularly strong and presents a multitude of opportunities for buyers. There’s a great selection of investments, land and buildings with potential for redevelopment as well as many vacant houses and flats for owner occupiers.”

“We have worked with our clients to manage reserve prices carefully and are looking forward to a busy day in the auction room.”

The auction will take place on February 14 at The InterContinental London Park Lane, W1J 7QY. The catalogue can be viewed online.

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