Allsop gearing-up for its largest December residential auction sale in 14 years

The UK auctioneer has released the catalogue for its final sale of the year featuring 390 lots across the UK, the firm's largest December catalogue for 14 years.

Related topics:  Auctions,  Property,  sales,  Allsop
Property | Reporter
28th November 2023
auction

Allsop's December catalogue features a mixture of investment and development opportunities across the UK, including houses and flats, former commercial spaces and vacant sites. Lots on offer range from a former island fortress, built in the wake of the Napoleonic wars, off the coast of Portsmouth, which could be turned into a luxury resort or casino, to a self-contained flat in Chelsea.

Allsop’s most recent residential auction, arranged over three days in November, ultimately raised more than £80 million. Combined with its October commercial auction less than 10 days before, Allsop raised more than £135 million through its auction teams reinforcing the depth of its client base domestically and internationally.

Highlights include:

Lot 27 [Brondesbury, London]: a long leasehold commercial space with consent to convert to 13 self-contained flats, extending to approximately 8,839sq ft, the highest value lot guided at £3.5m+

Lot 30 [off Portsmouth Harbour]: a freehold historic Victorian former island fort, currently comprising an extensively renovated residence arranged over three floors and extending to 33,000sq ft, guided at £1.75m+

Lot 70 [Suffolk]: a grade II listed 17th-century building in Suffolk with consent to create a 72-bedroom boutique hotel, guided at £1.75m+

Richard Adamson, partner and auctioneer at Allsop, said: “Following our record-breaking three-day November auction sale which raised over £80m, with a success rate in excess of 86%, we are delighted to release another stellar catalogue.

"This is our largest December catalogue for 14 years and the auction will once again be live-streamed, this time over two days. The success of our last sale demonstrates that despite the headwinds of uncertainty within the wider economy, there is still good appetite from residential property investors across the country.”

More like this
Latest from Financial Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.