Allsop raised £77.9m at its second commercial auction of the year this week, which included a number of pub and freehold restaurant investments, with an average success rate of 82%.
A total of 106 lots were sold including 20 lots for more than £1m including Carlton House, Putney at £13.5m, the largest lot ever sold on an auction contract.
Other notable lots included a listed restaurant in Norwich, let to Prezzo, which sold for £1.22m (5.5%), the unexpired virtual freehold of a Frankie & Benny’s on the Stoneside Retail Park, Merseyside, which sold for £550k (12.95%), and the freehold of a pub tenanted by JD Wetherspoon, The Roebuck in Rayleigh, Essex, which was offered for £1.4m plus but sold prior to the auction.
The highest value lot under the hammer was The Trident Centre, a multi let shopping centre in Dudley which sold on behalf of receivers at £3.25m.
Duncan Moir, partner and auctioneer, said: “The strength of the market continues, and, while there is focus on London and the south east, the demand for correctly priced regional assets is improving.”