Allsop, the UK’s largest property auction house, has released the catalogue for its June commercial auction, featuring 77 lots ranging in size from £3.5m to a lot in Southend-on-Sea offered ‘without reserve’.
The catalogue features 12 lots guided at or over £1m, five of which are priced above £2.5m, offering a diverse mix of commercial investment opportunities throughout the UK. The largest lot is a multi-let office building in Sutton, majority let to international accountancy firm Mazars, with a guide price of £3.5m – £3.75m. At the other end of the spectrum is an 80,000 sq ft vacant office in Blantyre, Glasgow, which is offered with a disclosed reserve of just £1.
Other notable assets include a selection of well-located convenience stores, including Sainsbury’s Local with seven flats above in Shepherd’s Bush, London; a portfolio of funeral parlours, and a newly fitted veterinary practice in Carlisle let on a long lease with CPI-linked uplifts. In Leeds, a Wagamama restaurant with offices above – offering residential conversion potential – presents a compelling opportunity in the heart of the city.
As with previous auctions, a significant proportion of lots are located in London and the South East. These include a retail ground rent investment in Hampstead, let for another 64 years, which is expected to attract interest from buyers seeking long-term income and planning for future generations.
This is Allsop’s fourth dedicated commercial auction of 2025, with the previous three sales having raised £125m through the sale of 187 lots (35 lots over £1m) and a success rate of 85%.
Alex Neil, Commercial Auction Partner at Allsop, said: “While the commercial property market has experienced a quieter start to the year, the recent interest rate cut has injected a renewed sense of optimism among buyers and sellers. With savings rates continuing to fall, commercial property is once again standing out as an attractive asset class. Auctions remain the most accessible entry point for private investors, offering speed, transparency, and certainty – qualities that continue to resonate strongly with both buyers and sellers.”
Commercial auction highlights include:
- Sutton, Surrey – a well-located virtual freehold modern office investment part let to Mazars LLP on a lease expiring in 2030 and part occupied by Spaces Sutton Centre ltd on a management agreement until 2031, guided at £3.5m- £3.75m (13.95% GIY)
- Shepherds Bush, London – a well-located freehold convenience store let to Sainsbury’s on a 10-year lease and residential investment comprising seven flats let on a single lease, guided at £3.5m+ (5.95% GIY)
- Leeds, West Yorkshire – a freehold restaurant investment let to Wagamama on a lease expiring in 2031 with offices above and potential for residential development, guided at £3m+
- Hoxton, London – a virtual freehold office investment in the heart of Hoxton, producing a total net rent of £310,241 p.a., guided at £2.9m – £3m (10.7% GIY)
Allsop’s next commercial auction will take place online on Wednesday June 11.
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