"While the recent UK budget has given investors plenty to consider, with Christmas around the corner, there are large numbers of motivated sellers active in the market with buyers equally keen to deploy capital before year-end"
- Richard Adamson - Allsop
Property auction house, Allsop has released the catalogue for its upcoming residential auction, offering 288 lots of which 11 are guided at £1m or more.
The catalogue features a wide range of residential and mixed-use investment and development opportunities across the UK, including a freehold end-of-terrace building comprising 9 self-contained flats in Sydenham, guided in excess of £2.35m.
As a result of the significant volume of lots, Allsop is holding the auction over a two-day period, which will be its 12th and final residential auction of the year. This auction sale follows its latest residential auction in November, which raised over £37.1m from the sale of 85 lots. In the year-to-date, Allsop has raised more than £565 million from residential auctions.
Highlights of December's auction include Lot 14 – Knightsbridge, London – a freehold mid-terrace mews house, guided from £1.5m+, Lot 15 – Clapham, London – a freehold semi-detached building with rear garden and outhouse, guided from £1.4m+, and Lot 75 – Sydenham, London – a freehold end of terrace building containing nine self-contained flats, producing £141,250 per annum, guided at £2.35m+.
Richard Adamson, residential managing partner and auctioneer at Allsop, said: “While the recent UK budget has given investors plenty to consider, with Christmas around the corner, there are large numbers of motivated sellers active in the market with buyers equally keen to deploy capital before year-end.
"As a result, we’re looking forward to another very competitive sale to round up an excellent year for Allsop’s auction business that will set our clients up to take advantage of what promises to be a brighter year ahead.”
