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Pair of island forts up for grabs in Allsop’s largest December auction
Two vacant Victorian island fortresses with potential for conversion into casinos are among 390 properties listed for sale for Allsop’s largest ever December residential auction, taking place online on 14 and 19 December.
London pub and supermarket lead latest Acuitus auction
A supermarket in Fulham, south-west London and a well-known pub in South Woodford, in the east of the capital, both guided at £1.4m, are among the 35 lots lined up for Acuitus’s commercial property auction on 13 December.
Savills to auction Mary Shelley’s former home in December sale
Savills’ December auction includes a property in Marlow, Buckinghamshire, which was the home of literary giants Mary Shelley, author of Frankenstein, and poet Percy Shelley, with a guide price of £565,000.
Raft of lots guided above £1m lead BidX1’s final 2023 catalogue
A freehold residential block in east London, an industrial unit in Watford, and a supermarket in Ivybridge, Devon are the lots with the highest guide prices in online auction specialist BidX1’s final catalogue for 2023, with the sale taking place on 14 December.
Walsall’s Victorian Arcade listed at £4.2m at upcoming Bond Wolfe auction
Bond Wolfe’s next auction on 14 December will include a grade II-listed, town-centre retail arcade in Walsall in the West Midlands, on sale for £4.2m, having been on the market for £5.75m with another agent since June.
Clive Emson publishes listings for December auction
Auctioneer Clive Emson has revealed an online catalogue of 150 commercial and residential lots set for its online auction on 13 December.
Savills’ second November auction raises £60m with year-to-date takings up 25%
Savills auction on Tuesday (21 November) was its highest-grossing of the year to date, raising £60m from the sale of 150 properties and representing a success rate of 75%.
Allsop raises over £78m at largest residential auction since 2018
Allsop raised £78m at its most recent residential auction, representing an 84% success rate over the three-day sale.
Acuitus raises £27m at November auction
Acuitus’s latest commercial property auction, which included a range of buildings from across the UK, raised £27m, with a success rate of 84%.
Paul Fosh Auctions November sale raises £5.9m
Paul Fosh, owner of Newport-based Paul Fosh Auctions, has claimed the property market is “buoyant” as the business sold 58% of 100 properties on offer in its November sale, generating an income of £5.9m.
Freehold industrial lots to take centre stage at BidX1’s next sale
A freehold warehouse building on a site with development potential in Hillsborough, South Yorkshire, with a guide price of £900,000-plus, will be the top-priced lot in online auctioneer BidX1’s 23 November sale.
Shepherd puts faith in church property for December sale
Four churches are among the lots for sale at Scottish online auction firm Shepherd Commercial’s 7 December live-streamed event.
Home REIT sells 153 ‘poor condition’ properties for 35% of purchased value
Home REIT has exchanged on the sale of 153 properties in “poor condition” for 35% of their purchased value at public auctions held over the past two days. The sales are expected to be completed in around a month’s time.
Home REIT sells 14 properties for half the price it paid for them
Home REIT has sold 14 properties for £9m in a public auction at a value representing an average of 51% of their purchase price, with further property disposals expected at two auctions this week.
Brent block of flats with £3.65m guide price leads Landmark’s auctions
A 10-flat development in north-west London guided at £3.65m leads a handful of notable lots up for auction with Landmark Property Services.
South west London student block listed a £4.75m in upcoming Savills auction
A south-west London freehold student investment of 40 en-suite bedrooms is up for sale at a guide price of £4.75m at Savills 21 November auction.
Guide to Auctions supplement 2023
Q&A: ‘The market will carry on’
Allsop’s George Walker and Richard Adamson tell Daniel McGrath about the auction house’s ballroom return and what’s in store for 2023
Reasons to be cheerful: insight into the 2023 auction market
Despite new regulations coming into force and interest-rate hikes hitting the affordability of nance, many experts are upbeat about this year’s prospects for commercial property auctions. Tim Clark reports
Guide to Auctions introduction - March 2023
There’s nothing like a bit of economic uncertainty to shake up the auctions market. On the one hand, it helps create a supply of properties as homeowners and landlords seek quick sales. On the other, it limits the potential number of buyers, with financing becoming more expensive and redevelopment margins ...
Community Land Auctions not a practical solution
The levelling-up bill with all of its guises and amends has certainly kept the planning and residential sectors debating. Comments in the media are plentiful every time there’s a revision, and the Community Land Auctions amendment is no different, having been originally tabled in July last year and now back ...
Latest finance comment
Knight Frank’s Lisa Attenborough and Josephine Jones ask how debt can work in this ‘new normal’
This time last year, five-year swaps sat just above 3%, with the forward curve predicting they would peak at around 4%. What some initially thought would be a brief spike in rates has now become fully embedded.
Jefferies’ Mike Prew on the stubborn market
As the holidays approach, every parent’s car journey nightmare is kids at the end of their tether with choruses of “Are we there yet?” REIT share prices are being defined by stubborn inflation but the UK, it seems, is also nowhere near arriving at the 2% target.
