Allsop’s first commercial property auction of 2025 saw 83% of lots sold raising £38.5m with 10 lots sold at over £1m.

The highest-value lot – a postal sorting office in Leyton, East London – sold for c. £4m, with other lots including a mix of commercial and mixed-use investment and development opportunities across the UK. 

George Walker, Partner and Commercial Auctioneer at Allsop, said: “This was a very positive start to the year, particularly on the day that interest rates were cut to 4.5%, signalling the potential rebound of our high yielding market. As ever, we sold a significant range of assets, from mixed-use London parades to shopping centres and industrial estates, offering investors strong diversification opportunities for their cash. With investors clearly in the market with an eagerness to acquire commercial real estate, our first sale of the year suggests an encouraging outlook for the rest of 2025.” 

Som of the other auction highlights included Lot 13 in Ealing, which was a mixed-use parade comprising six shops with flats above, it sold prior to auction in excess of £1.9m (c.6.5% NIY) and Lot 18 in Portsmouth – a convenience store (t/a Spar) let until 2039 with fixed rental uplifts, which sold for £554,000 (5.89% NIY).