"The speculation about an increase to CGT rates as part of the Autumn Budget is having a clear impact on residential property owners’ plans, with many choosing to sell their real estate assets ahead of October"
- Richard Adamson - Allsop
Allsop has released its September residential and commercial auction catalogues, offering potential purchasers a total of 676 investment opportunities across the UK.
The residential auction team has released a 531-lot-strong catalogue with properties sold on behalf of private investors and developers as well as receivers and housing associations, while the commercial auction catalogue, the largest released since September 2022, will feature lots marketed on behalf of private investors, REITS, investment funds and managers as well as listed businesses.
The latest catalogues feature numerous high-value properties, with 17 residential and 34 commercial lots guided at or above £1m.
Residential auction highlights include Lot 19 – a freehold former office building in Surrey, with planning and permitted development for a total of 38 self-contained flats, guided at £4.25m+ and Lot 28 – three freehold blocks of flats in Harlesden, London, comprising a total of 24 two-bedroom flats with planning permission for a two-storey extension to provide a further six self-contained flats, guided at £4.25m+
Its commercial auction is set to feature Lot 46 – a car park investment in Norwich, comprising an 823-space car park, let to Aviva Central Services UK, guided at £5m+ and Lot 8 – a shop and office investment in Kensington, comprising a shop and office space arranged over 4 floors extending 3,611 sq ft, guided at between £1.8m and £2m+
Richard Adamson, managing partner and residential auctioneer at Allsop, said: “The speculation about an increase to CGT rates as part of the Autumn Budget is having a clear impact on residential property owners’ plans, with many choosing to sell their real estate assets ahead of October.
"With a broad buyer base, which includes investors but also owner occupiers, this pool of newly available properties will undoubtedly present attractive opportunities to many, and we look forward to seeing how the market will respond to this dynamic as we bring over 500 residential lots to market as part of our September auction.”
George Walker, partner and commercial auctioneer at Allsop, said: “With interest rates finally starting their downward path, our clients are offering a wide range of quality stock in anticipation of a more solid market, and to get ahead of the likely uptick in supply over the course of the autumn.
"Their pricing is realistic, and as buyers look to expand their portfolios beyond retail, there are plenty of appealing opportunities to consider, across all lot sizes. We look forward to what will be a busy week for both auction teams.”
