Richard Adamson, partner and auctioneer at Allsop, said: “Held on the same day that the Bank of England increased its interest rate yet again, the success rate at our first in-person auction for three years is a testament, both to the attractiveness of auctions as a means for investors to deploy cash and to the appeal of our multi-channel offering for residential property sellers, to maximise value in a timely fashion.”
Auction highlights include:
A freehold mid-terrace HMO building in Cricklewood, north London, (pictured) internally arranged as seven letting rooms fully let producing £68,880 pa. It sold for £1,075,000, reflecting a gross yield of 6.4%.
A freehold double-fronted building in Hampstead, north London, comprising two shops and two maisonettes. Fully let and producing £61,500 pa, it sold for £1.23m, reflecting a gross yield of 5%.
Two freehold buildings in Leicester providing 61 student letting rooms producing a total of £317,000 pa. It was sold as two separate lots for £1.5m each.
A freehold site in Peterborough, Cambridgeshire, extending to two acres with potential for development. It sold for £1m from a pre-auction guide price of £200,000.
Allsop’s next residential auction will be held in-room, on 22 June at the Berkeley Hotel. It will revert to online in August.
Allsop raised £46.5m at its residential auction last week.
The sale at the Berkeley Hotel, SW1, had an 80% success rate with 135 lots sold.
Richard Adamson, partner and auctioneer at Allsop, said: “Held on the same day that the Bank of England increased its interest rate yet again, the success rate at our first in-person auction for three years is a testament, both to the attractiveness of auctions as a means for investors to deploy cash and to the appeal of our multi-channel offering for residential property sellers, to maximise value in a timely fashion.”
Auction highlights include:
A freehold mid-terrace HMO building in Cricklewood, north London, (pictured) internally arranged as seven letting rooms fully let producing £68,880 pa. It sold for £1,075,000, reflecting a gross yield of 6.4%.
A freehold double-fronted building in Hampstead, north London, comprising two shops and two maisonettes. Fully let and producing £61,500 pa, it sold for £1.23m, reflecting a gross yield of 5%.
Two freehold buildings in Leicester providing 61 student letting rooms producing a total of £317,000 pa. It was sold as two separate lots for £1.5m each.
A freehold site in Peterborough, Cambridgeshire, extending to two acres with potential for development. It sold for £1m from a pre-auction guide price of £200,000.
Allsop’s next residential auction will be held in-room, on 22 June at the Berkeley Hotel. It will revert to online in August.
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Photo from Allsop
