McHUGH & CO RELEASE 29TH MARCH 2023 AUCTION

Acuitus’ first auction in 2020 suggests confidence has returned to a wide range of investors

Acuitus auction reinforces trend of continued confidence in the commercial market

Uncertainty surrounding Brexit fails to deter investors at Acuitus auction, with 82% of lots sold at combined total of more than £34 million.

Despite a successful day, Savills still has a number of interesting lots available post auction

Acuitus has posted its best auction results of the year so far, with 86% of the lots on offer at its July auction being sold at a total of almost £34 million

Allsop Commercial achieved a success rate of 79% and raised a total of £72 million at their last sale before the summer break

Acuitus has posted its best auction result of the year so far, with 80% of the lots on offer at its May auction being sold. 

Amidst continuing political and economic uncertainty, Allsop Commercial has reported a positive result for its May auction, selling 97 lots at a total of £58 million

Allsop Residential's auction, held the day before what was supposed to be Brexit day, recorded a solid 75% success rate.

There were no signs of investors waiting for a final decision from the Brexit negotiations, as Allsop Commercial reported a 77% success rate at its March auction, selling 81 lots at a total of nearly £53.7 million.

Allsop Residential has made a strong start to the new year, with its first residential auction of 2019 recording a success rate of 74%

Allsop Commercial has reported its best February auction since 2007, selling 105 lots and raising a total of nearly £84.1 million

Allsop Residential rounded off 2018 with a strong showing at their December auction, achieving an 80% success rate and raising £58.4 million

Allsop Residential’s October auction achieved an encouraging success rate of 76% against a current industry average of 69%

Acuitus’ October auction, with 120 properties on offer, has achieved a success rate of 80% and sold £48.98 million of assets

Allsop Commercial enjoyed their biggest sale of the year so far, selling 180 lots at their October auction, raising a total of nearly £100 million

Allsop Residential’s September auction bucked the trend by achieving a success rate of 79% against a current industry average of 69%

Allsop Residential’s July auction achieved a success rate of 77%, selling 138 lots at a total of £38 million

Acuitus has enjoyed its biggest auction of the year, in the process achieving a success rate of 80% and selling £37.3 million of assets

Allsop Commercial went into the summer break by selling 128 lots at their July auction, raising a total of £80.44 million.

Allsop Residential’s May auction achieved a respectable success rate of 75%, selling 202 lots at a total of £67.4 million with an average lot size of £248,000

Allsop Commercial’s May auction sold 136 lots at a total of £80 million and with an impressive success rate of 82%

High quality assets were the main draw for investors, as Acuitus’ March auction raised £33.5 million from 49 lots sold

Investor appetite for London properties makes welcome return at Allsop Residential’s latest auction

Allsop Commercial’s March auction sells 118 lots at a total of £60 million and with a success rate of 75%

High value lots were a particularly strong factor as the residential market got a welcome boost at Allsop Residential’s first auction in 2018

Allsop Commercial's first auction of 2018 saw 96 lots sold at a total of £67 million

Investor appetite and realistic pricing combined to provide a strong result for Allsop Residential’s last auction in 2017

Allsop Commercial has had a successful end to 2017, selling 114 out of the 149 lots on offer at a total of £86.3 million, with 33 lots being sold for over £1 million.

Acuitus’ final auction for 2017 brings total sales for the year to over £300 million, its second largest annual total.

Allsop Commercial has posted its second largest May sale in ten years after 124 lots were sold at a total of £94.6m.

Allsop has enjoyed one of its biggest ever October auctions, selling 220 out of the 276 lots on offer at a total of £148.5 million

Allsop Residential’s latest auction sells 174 lots at a success rate of 70%, raising £61 million.

Acuitus’ latest auction achieved an impressive success rate of 86%, in the process raising a total of £68 million

Allsop Residential’s latest auction bucked the trend of weak post-summer auction results elsewhere in the UK, posting a success rate of 80% and raising £71 million.

House sale achieves more than twice the guide price and four times the local average

Allsop Residential’s last auction before the summer break, held at the Cumberland Hotel on 20 July, demonstrated that investors are concentrating on value and quality amidst continuing political and economic uncertainty

Acuitus’ latest auction, which took place on Thursday 13 July, raised £52.4 million across 67 lots sold, with a success rate of 83%

Having experienced one of the busiest commercial rooms seen this year, Allsop Commercial’s July sale raised £83.5 million across 142 lots sold

Acuitus’ latest auction has shown that the opportunities are there for sellers with the right properties.

Allsop Residential’s latest auction provided a welcome shot in the arm for London and national property markets, with over 81% of the lots now sold at a combined total of £72.4 million

Acuitus’ second auction of 2017 took place on Thursday 30 March and raised £47.36 million across 74 lots.

Allsop Residential’s second auction of 2017, held at the Cumberland Hotel on 30 March, raised a total of over £54 million at an average of £368,000 per lot.

Allsop Commercial’s second auction of 2017 took place at Claridge’s on 27 March and raised over £87 million at a success rate of 84%.

Savills first auction of 2017 saw a welcome return of confidence, with 80.5% of the 215 lots on offer being sold for a total of £64.16 million.

Allsop Residential’s first auction of 2017, held at the Cumberland Hotel on 16 February, raised a total of £64 million on the day at an average of £326,000 per lot.

Acuitus’ first auction of 2017 took place on Thursday 16 February and raised £35 million, with an average sale price of £970,000 and a third of the lots sold going for £1 million or more.

Allsop Commercial’s first auction of 2017 raised close to £58 million at a success rate of 82%.

Allsop Residential’s final auction of 2016, held at the Cumberland Hotel on 15 December, had a success rate of 71% and raised a total of £46 million.

Acuitus’ final auction of 2016 raised £41.125 million, bringing the year’s total sales to £354 million – the firm’s best ever performance.

Allsop Commercial’s final auction of 2016 took place over two days, making it one of their biggest ever December sales, and raising over £119 million in the process at a success rate of 77%. 

Allsop Residential’s November auction saw a success rate of 71% with a total raised of £62m, but this figure is expected to increase as further deals are done and lots continue to sell following the auction. 

With 87% of the properties on offer sold, Allsop Commercial’s October auction proved to be their largest one-day sale since 2006. 

Acuitus’ October auction was their largest to date and has put them on course for a second consecutive record-breaking year.

Despite fears of a post-referendum slowdown, Allsop Residential has reported ‘brisker than usual’ business at its auction on 20 July. 

The first major commercial auction to take place after the EU referendum was held by Allsop Commercial on 6 July, and signs were that little had changed, with 82% of the lots on offer being sold at a total of over £63 million.

Acuitus’ fourth auction of 2016, and the first to take place following the EU referendum, achieved impressively strong results, with 83% of the lots on offer selling for a combined total of £55.7 million, with 20 of those properties raising more than £1 million each.

Allsop Residential’s latest auction has defied suggestions that the housing market may be cooling. 

Allsop Commercial has achieved its biggest May auction in 10 years, raising £114 million at a success rate of 81%.

After three auctions in 2016, Acuitus are showing a 50% increase in the amount raised at their auctions compared to the same period in 2015

Allsop Residential finished the financial year by raising £53 million across 263 lots on offer at its latest auction on 30 March, bringing the total for 2015/2016 to £470 million for UK residential sales.

Allsop Residential’s first auction of 2016 proved a spectacular success, raising £74.8 million, representing an impressive increase of 38% on its total for February 2015.

Allsop Commercial’s first auction in 2016 raised nearly £66 million, with a success rate of 81%.

Acuitus’ first commercial property auction of 2016 raised £56.38m across 72 lots, with 98% of the properties selling at an average price of £817,000.

Allsop Residential held its final sale of 2015 on 17 December and raised a total of £68.6 million.

Acuitus had a strong finish to 2015, with their final auction of the year raising over £45 million across 57 lots at a success rate of 88%.

The Allsop Commercial Team raised more than £60m following their final auction of 2015 held on the 8th December, reflecting a success rate of 86%. 107 lots have now been sold, including 14 for over £1 million and 4 for over £2 million.

A fifth Acuitus sale of 2015 represented the largest catalogue Acuitus has brought to market, and produced a 90% success rate as the team raised £67.6m at the sale held on 22nd October. Some 26 of the 75 lots sold achieved prices of more than £1m.

Allsop's Residential Auction Team continued their success with 175 lots sold, raising £71.2m in their latest auction of 2015.

The Allsop Commercial Team reported a positive sales total of £102m following their latest auction held over the 19th and 20th October, with 210 investments on offer over the two days.

Huge diversity of stock sold at Allsop Residential's September auction.

Savills London and National auctions has taken first place in the residential auctions league table, selling over £214m worth of property in the first half of 2015. This was £20m more than closest rival Allsop who took second place with £193m, and nearly £100m more than Barnard Marcus who came in third with £115m according to data from the Essential Information Group (EIG). 

£17.8 million raised & 90% success rate at Mchugh 30th April auction.

It was a competitive and enthusiastic room at the fourth auction of the year for Allsop's Residential Auction Team as they sold a total of 211 lots with a success rate of 86%.

The Commercial Team of Allsop, the UK's leading auctioneers, raised in excess of £66m following their auction held on the 18th May at

The Berkeley.

Acuitus raised £38.27m at their second auction of the year, with their highest sale rate to date as they sold 93% of the 54 lots offered in the catalogue.

Allsop Commercial continued their success at their recent auction held on 6th July at The Dorchester, by raising in excess of £83m with bidders competing strongly for the vast majority of lots.

Acuitus raised £48.68m at their fourth auction of the year, with a success rate of 90% of the 60 lots offered in the catalogue.

Acuitus followed on from their highly successful March auction with another strong sale, which takes their total asset sales at auction for 2015 past the £110m mark.

Just three days after the UK general election results were announced, Savills auction team held their third auction of the year, selling over £40million worth of property with an 88% success rate on 11 May 2015.

It was a successful second auction of the year for Allsop's Residential Auction Team as they sold a total of 213 lots with a success rate of 87%.

Allsop Commercial sold a total of 109 lots with a success rate of 86% at their second auction of 2015, held on March 25th at The Dorchester.

Savills London-National Auctions began 2015 with a bang, selling over £52.4m worth of property with an 86% success rate at the first auction of the year on the 17th February.

STRONG START TO THE YEAR FOR ACUITUS

The Residential Auction Team had a promising start to the year raising £47 million. 185 lots were sold in total at the Cumberland Hotel on Thursday 12th February, with a success rate of 80% and an average lot size of £255,450.

Allsop's Commercial Auction Team sold 75 lots with a success rate of 88% at their first auction of 2015, held on February 9th at the Berkeley.

THIS NARROW TWO-BEDROOM HOUSE IS SET TO GO UNDER THE HAMMER NEXT MONTH

The Residential Auction Team had a successful seventh sale of the year raising £56.6 million. 185 Lots were sold in total with a success rate of 82% and an average Lot size of £306,000.

Allsop's Commercial Auction Team had a strong end to the year as 113 Lots sold at their December auction, raising £77.1 million with a success rate of 80%.

Acuitus achieved £37m with a success rate of 78% at their December sale, which marked a record breaking year with a 30% increase on their 2013 sales volume.

Nottingham auctioneers, Savills, have announced that within their October auction, to be held on the 16^th at the Nottingham Racecourse, they will be reoffering Park Lodge, set within the heart of West Bridgford town centre.

 

Savills National auction team have sold a freehold site of just 0.016 acres in Battersea, south London, for £260,000 in their recent sale on 28th October from a guide of £55,000.

The former ground of Wisbech Town Football Club at Fenland Park will be up for sale at Savills London and National Auction on the 8^th of December 2014 (Lot 46). The four acre site has a guide price of £2.5m and comes with planning permission for 83 houses and apartments, along with consent to demolish the existing football stands and buildings. Fenland Park was home to Wisbech Town Football Club from 1947 until 2008, after which the club relocated to Fenland Stadium, Lynn Road.

Allsop Commercial had a successful fifth sale of the year at their October auction, raising £113m with a success rate of 75% and an average lot size of £568,000.

Acuitus have raised £51.8m with a success rate of 85% at their October sale, demonstrating the strength of selling good quality investments at auction.