Allsop raised £54.5m at its latest residential auction in London, with the majority of lots beating their guide prices.
Of 246 lots offered, 195 sold, giving a success rate of 80%. Most of the sites were in London or the South East.
The largest asset sold was Grade II-listed 44 Great Russell Street, WC1 (pictured) to a private London developer. The office, opposite the British Museum, was sold by a private UK vendor with planning permission to be converted into three flats. It achieved £2.5m – £1m higher than its guide.
Other sales included a semi-detached building in Chiswick, west London, with consent for four flats, which was sold by a private vendor to a private UK investor for £1.4m, and a 4.4-acre disused mill in Burnley, Lancashire, which was sold for £250,000 by a private firm to a local investor. It is set to be converted into 70 homes.
Allsop partner and auctioneer Gary Murphy said: “We got off to a strong start. London lots, as expected, proved popular and bidders were happy to compete aggressively.”
The auction took place on 18 September at the Cumberland Hotel, W1.
