Allsop raises £40m at lively residential auction

first_imgHome » News » Auctions news » Allsop raises £40m at lively residential auction previous nextAuctions newsAllsop raises £40m at lively residential auctionThe Negotiator21st November 20190214 Views The Old Brewery, Bridge Lane, Carlisle, Cumbria Allsop Residential brought welcome relief to the market at its latest auction sale in September. Despite choppy political waters, the result calmed concerns by demonstrating a steady demand for realistically priced property. At the time of writing, over £40m has been raised overall with 80% of the catalogue successfully sold.“We are very pleased with the outcome of this auction, given prevailing uncertainties.” said auctioneer, Gary Murphy. “This was a carefully constructed catalogue of sensibly priced stock. As a result, the room was well attended and bidders, both present and remote, competed enthusiastically. Sellers and buyers can be reassured that the auction room continues to be a lively and functioning market place.”The sale offered a broad choice of locations. The auction results established that demand is not limited to London and the south east. The Old Brewery in Carlisle, Cumbria for example, comprises six freehold buildings arranged as 28 self-contained units. The property is part Grade II Listed and was offered with planning permission for change of use to provide a mix of 36 affordable dwellings. It was sold under the hammer on behalf of a housing association for £400,000.The Old Brewery in Carlisle Gary Murphy Allsop Residential auction auction lots auctioneers Cumbria November 21, 2019The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img

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