Commercial Auction
Team of 18 including seven partners, two auctioneers, four surveyors and two auction assistants, with a combined 200 years experience in the commercial auction market.
SPECIALISMS
- We sell a wide range of properties including: retail, offices, industrial, leisure, retail warehouses, roadside, motor trade and ground rents.
- Seven major online auction sales each year selling about 750 lots pa.
- Unique private treaty with an auction ‘backstop’ marketing approach.
EXPERIENCE / TRACK RECORD
- £548.5m raised at auction, an equivalent of £2.1m per working day.
- Leader in selling lots over £1m, 173 lots sold.
- Sold 721 lots an equivalent of 2.9 lots per working day.
- Success rate of 90%, compared to an industry average of 73%.
- Average lot size £761,000.
- Portfolio sales a speciality from Funds, Asset Managers and Corporate occupiers (leasebacks).
- Over £1Bn raised every year total raised combined with residential auctions.
- Largest ever lot sold at auction was £13.5m for an office in Putney in 2013.
CLIENTS
- Include: Asset Managers such as Quadrant Estates and Addington Capital, Funds such as Aviva, M&G Real Estate, Columbia Threadneedle, Private Property Companies and Investors, Trustees, Receivers, property companies, government bodies and corporate occupiers.
WHY ALLSOP?
- The UK’s No 1 Commercial Property Auctioneers for the last four decades.
- Unrivalled access to the UK and Overseas Private Investor with 50,000 registered buyers.
- We regularly work jointly on sales with the National Investment Team’s Private Client Desk bringing the best of both routes to market together to clinch sales.
WHY AUCTION?
- Binding contract on the fall of the (virtual) gavel.
- Certainty and transparency of sale.
- Speed.
- Complete knowledge of hot buyers in the market.
- Portfolio sales a speciality.
- Multiple disposals.
Transactions
SEPT - LOT 7: RICHMOND
Institutions & Funds
This one fund alone has sold £53m of assets over the year in the face of redemptions.
In 2022:
- Total: £53m
- Average lot size: £1.43m
- Average yield: 7.1%
- Lots sold: 37
Sold: £1.6m (5.7% NIY)
JULY - LOT 43: EALING
Portfolio Sales
The liquidation of the Boots portfolio has been ongoing for three years, raising over £150M (6.7% NIY (avg)) to date.
In 2022:
- Total: £67.4m
- Average lot size: £733,000
- Average yield: 6.1%
- Lots sold: 92
Sold: £1.88m (3.7% NIY)
SEPT - LOT 137: HARROW
Private Propcos
The Medivet Business was sold in 2021, and the former owners went on to sell their entire portfolio at auction.
In 2022:
- Total: £29.2m
- Average lot size: £608,000
- Average yield: 6.4%
- Lots sold: 48
Sold: £915,000 (3.6% NIY)
SEPT - LOT 105: SITTINGBOURNE
Listed REIT
Allsop worked with Savills on a nationwide industrial portfolio that sold in the September sale.
In 2022:
- Total: £21.4m
- Average lot size: £2.37m
- Average yield: 6.7%
- Lots sold: 8
Sold: £4.5m (7.1% NIY)
DEC - LOT 37A: WEMBLEY
Corporate Occupiers
William Hill started a programme of sales that will continue into 2023 with a one off auction.
- Total: £14.1m
- Average lot size: £191.000
- Average yield: 7.5%
- Lots sold: 94
Sold: £259,000 (3.7% NIY)
DEC - LOT 4: PANGBOURNE
Private Investor
Making up over half our sellers, this example shows excellent stock choice from 1996.
Sold: £1.51m (5% NIY)
Key Contacts
Commercial Auction Team
