Auctions

Allsop announce July residential auction catalogue

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4th July 2018

Auctioneer, Allsop has announced that its residential auction on the 19th July will see more than 210 lots auctioned at The InterContinental hotel Park Lane, London.

Included in the catalouge is lot 23, a rare Grade II Listed building in South Kensington internally arranged to provide student accommodation. The property has been in the same ownership for 24 years and generates £173,500pa. Guided at £5m - £5.2m, it is one of the highest value lots in the catalogue. Also in London, lot 26, a three-bedroom self-contained ground floor flat in Hendon is guided at £1m - £1.1m. Spanning, 1,733 sq ft, the property comes with access to a private gym, swimming pool and concierge.

The catalogue also features a number of excellent development opportunities, which are anticipated to be popular on the day. This includes lot 51, a detached bungalow in the desirable Coombe Hill area close to Kingston upon Thames. Guided at £1.9m+, the property comes with planning permission to transform the site into a six-bedroom luxury house of 7,825 sq ft

Lot 138a, a development opportunity in Torquay, Devon is guided at £1.4m+. The 0.724-acre site comes with outline planning consent to provide up to 75 one and two-bedroom apartments.

In the north of the country, lot 169, offered collectively with lots 170-181, comprises 13, three-bedroom town houses in Halifax, Yorkshire. Guided at £1,25m+ the investment generates £66,000 from ten houses. Three are currently vacant.

Richard Adamson, Partner and Auctioneer, Allsop said: “July’s catalogue features an excellent and rare selection of investments, including a broad range of development opportunities across the country, which are still highly popular in the auction room. Despite the negative Brexit headlines, there is still strong appetite in the market from buyers looking to purchase a good quality investment before the summer holidays begin.”

The auction will take place on July 19th at The InterContinental London hotel, Park Lane W1J 7QY. The catalogue can be viewed here.

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