Commercial auctions can offer property bargains
London has gone conversion crazy as home-searchers discover commercial auctions as clever places to find a property bargain, discovers David Spittles
26 February 2016
Homebuyers and investors searching for somewhere to put their pension money are discovering the benefits of commercial property auctions as the conversion trend begins to engulf London.
Guide price: £180,000: Lot 86 in the Allsop sale on November 1 at The Park Lane Hotel, Piccadilly, is the former Old Swan Inn in Radwell, Bedfordshire, which could become a character-packed single home. Visit auction.co.uk/radwell
Auction Dates:
Lambert Smith Hampton:
Clive Emson:
Allsop:
Andrews & Robertson:
Guide price: £50,000. Lot 161 in Allsop's sale is a ground floor shop in Oldridge Road, Balham, SW12, with potential for creating a studio flat in a sought-after area. Visit auction.co.uk/Balham
Conversion opportunities
What investors want
Guide price: £2 million. At Allsop's November sale in Piccadilly, lot 244 is this former warehouse with obvious potential for conversion to residential use in Camden Road, N7. Visit auction.co.uk/Camden
