Allsop has raised £25m at its June commercial auction, taking its commercial property investment sales for the first half of the year to £163m. The sale saw 39 lots sold at a success rate of 80%, underlining continued resilience in investor demand.
The average lot size reached £656,700, with nine lots selling for over £1m. Pricing remained strong throughout, with 75% of lots selling above reserve and an average uplift of 19%, while 12 lots exceeded their reserve prices by more than 10%. Investor appetite was particularly notable for value-driven opportunities, with eight lots achieving net initial yields of 7% or below.
The largest lot sold was Lot 25 in Wandsworth, comprising four vacant commercial units and seven two-bedroom flats producing £179,400 a year. The property sold prior to the auction for £3,310,000, equating to a capital value of £362 per sq ft.
Commercial property investment trends by region and sector
Half of the lots sold were located outside London and the South East, accounting for 31% of the total value and highlighting the continued appeal of regional assets. Retail remained the dominant sector, representing 65% of lots sold and 50% of total value.
Buyer data from the auction reinforced the positive outlook. Purchasers were experienced investors, with 82% having bought at auction before, and cash remained a key driver, with 64% of buyers completing without finance. Every respondent said they would look to buy again at future auctions, signalling sustained confidence in the market.
Auction highlights
- Lot 7, Blackheath, SE3: a pub let on a lease guaranteed by Stonegate expiring in 2051, sold for £935,000 (6% NIY)
- Lot 13, Islington, N1 (pictured): a well-located restaurant let at £93,500 a year until 2039, sold for £1.5m (5.9% NIY)
- Lot 15, Croydon: three industrial units let on a single lease at £120,000 a year, sold prior to auction at £1.425m (7.9% NIY)
The June sale brings Allsop's commercial property investment total for the first half of the year to £163m, up from £151m during the same period in 2025. The firm has sold 214 lots across Q1 and Q2 at an overall success rate of 89%, again ahead of last year's 85%, with 54 lots surpassing £1m so far this year compared with 43 in 2025.
"When the pricing is right, we continue to see buyers look beyond wider market noise and focus on long-term value," said Alex Neil, partner at Allsop Commercial Auctions. "Our June results demonstrate the depth of demand from experienced investors, particularly for well-located assets that offer income security and asset management potential.
"Whilst there has been some softening in sentiment in parts of the market, competitive bidding and pricing discipline continue to underpin strong performance in the auction room. With a high proportion of repeat buyers and ongoing interest from cash purchasers, we remain optimistic about the outlook for the remainder of the year."
Allsop's next dedicated commercial auction will take place on Wednesday 15 July, with more than 50 lots already confirmed and further entries expected.
