Some 280 investment properties – existing homes, mixed-use schemes and development assets – go under the hammer in two weeks time at the latest auction by Allsop.
The highest value lot in the catalogue is a freehold, partially built, six storey, mixed use development on Ealing Broadway, London, which is guided at £5m+.
Once completed, the building will provide commercial premises and nine residential apartments. The residential accommodation comprises of three one-bed apartments, five two-bed apartments and one three-bed (duplex) apartment. The commercial premises will be arranged over the ground and part of the first floor.
The November auction will be Allsop’s 10th dedicated residential auction of the year, with a total of £426m raised so far this year from residential auctions alone.
Managing partner Richard Adamson says: “This is our 10th residential auction catalogue of the year released only a week after our October sale which realised over £68m. The November catalogue features over 280 lots and will be another two-day sale on 19th & 20th November. There are a number of high quality investment and development opportunities across the country being sold on behalf of housing associations, banks, receivers, administrators, funds, Reits and property companies.”
This article is taken from Landlord Today