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Allsop has raised over £105m across two days at its March commercial and residential auctions.
Tesco, 110-111 High Street, Lymington, Hampshire, SO41 9AP
The commercial auction kicked off the week, achieving a success rate of 88% and raising £60m from the sale of 70 lots, 23 of which achieved prices over £1m.
The largest lot that went under the hammer was a town centre supermarket investment in Lymington, Hampshire, let to Tesco, which sold for £2.59m, reflecting a 7.6% net initial yield.
In south-west London, six shops, each with a three-bed maisonette above, fetched a total sale price of £11m.
Meanwhile, a supermarket investment with a parking space in Exeter, Devon, leased to Tesco Express until 2039 at £66,500 a year, brought in £1.31m.
The residential auction achieved a 90% success rate, raising over £45m from the sale of 208 lots.
The largest sale was a leasehold three-bedroom penthouse in South Kensington, west London, which fetched £3.26m.
Mark Gower, commercial managing partner at Allsop, said: “Despite recent unease in financial markets, the positive sentiment we witnessed in February continued through to our March sale, with strong prices achieved across a wide range of assets.
“Cash buyers remain highly active and are prepared to bid competitively when they see value. However, realistic pricing has never been more important. These results mark a strong start to 2026 and bode well for our May auction.”
Richard Adamson, managing partner and residential auctioneer at Allsop, said: “This is our third dedicated residential sale of the year and the results show just how resilient the market is. Despite wider global volatility, both domestic and international buyers continue to view UK real estate as a safe haven and are bidding with confidence.
“We’re also seeing a notable rise in sellers turning to auction after private treaty routes have failed to deliver a sale. We are now assembling our April catalogue, which is already shaping up to be a very large two‑day sale.”
Allsop’s next residential auction will take place on 29 and 30 April, followed by the commercial auction on 7 May.
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