"This was a very positive start to the year, particularly on the day that interest rates were cut to 4.5%, signalling the potential rebound of our high-yielding market"
- George Walker - Allsop
Property consultancy and auction house, Allsop has announced that it raised £38.5m at its first commercial auction of 2025, representing a success rate of 83%.
The highest-value lot – a postal sorting office in Leyton, East London sold for c. £4 million. Other lots included a mix of commercial and mixed-use investment and development opportunities across the UK.
Allsop’s auction teams concluded 2024 raising over £1 billion from both residential and commercial sectors, despite political and economic turbulence and slower-than-expected interest rate cuts.
Highlights of the event included Lot 13: Ealing – a mixed-use parade comprising six shops with flats above, sold prior to auction in excess of £1.9 million, Lot 18: Portsmouth – a convenience store (t/a Spar) let until 2039 with fixed rental uplifts, sold for £554,000, and Lot 23: Nottingham – two shops let to Ann Summers and TUI UK Retail at £130,000 p.a., sold for £1.25 million.
“This was a very positive start to the year, particularly on the day that interest rates were cut to 4.5%, signalling the potential rebound of our high-yielding market." explained George Walker, Partner and Commercial Auctioneer at Allsop, adding "As ever, we sold a significant range of assets, from mixed-use London parades to shopping centres and industrial estates, offering investors strong diversification opportunities for their cash. With investors clearly in the market with an eagerness to acquire commercial real estate, our first sale of the year suggests an encouraging outlook for the rest of 2025.”
