Allsop raised £30m at its July commercial auction from the sale of 41 lots, reflecting a success rate of 80%.
The average lot size reached £713,000 with 10 lots selling for more than £1m. Investor appetite remained particularly strong for value-driven opportunities, with 12 lots achieving net initial yields of 7% or below.
The largest lot sold was a hotel and public house ground rent investment in Plymouth let to Whitbread Group until 2095. The property sold prior to auction for £2,450,000, reflecting a yield of 4.5%.
In Pontefract, a freehold supermarket investment let to a major supermarket operator, sold for £1.25m; a modern purpose-built convenience store investment in Wigan let to Asda Stores until 2040 with CPI-linked rent reviews, sold prior to auction for £1.65m; and in Sevenoaks (pictured), a freehold office investment comprising modern office accommodation and 19 car parking spaces let to Thackray Williams until 2033, sold prior to auction for £1.4m.
Alex Neil, partner at Allsop commercial auctions, said: “Despite uncertainty continuing to temper sentiment across parts of the market, our proactive approach and realistic pricing strategy continue to get deals done and generate competitive bidding. The July results demonstrate that investors remain willing to commit capital when assets are sensibly priced and offer attractive fundamentals. With year-to-date sales approaching £200m and demand remaining resilient, we remain positive about the prospects for the remainder of the year.”
The July auction brings Allsop’s total commercial sales for the year-to-date to £196m, ahead of the £185m achieved at the same stage in 2025.
