Allsop Commercial, 33 Wigmore Street, London, W1U 1BZ 
Sells Commercial Property 
Operates Across England and Wales 
Based on 18 Reviews
12 Month's Data
12 Month's Data
12 Month's Data
12 Month's Data
Above Average
Allsop Commercial Property Auctions is a reputable property auctioneer established in 1906, typically running 8 to 10 live events per year.
Allsop’s auctions are multi-channel and offer bidders the opportunity to bid in-room, online, live stream, by phone or proxy.
The auction house has sold 430 properties in the past 12 months raising £411.4 million in sales.
Allsop Auctioneers operates across England and Wales (with a notable presence in London).
Allsop’s operates in both the commercial property + land and residential auction spaces. Commercial auctions take up 27.9% of total sales and Allsop’s residential auctions take up 72.1% of total sales. Allsop’s auction property stock (both commercial and residential) is advertised on their website.
Allsop Auctions sells properties that range from £15,000 for a former public toilet in Poole, Dorset to £10.8 million for two interconnected 9,088 square foot mixed-use buildings in Pall Mall (close to St James’ Palace and Buckingham Palace).
The average sold price of Allsop’s commercial auction properties is £789,283. Due to the generally higher capital values, even though the volume of sales is low, Allsop Commercial is generally deemed as the “go to” auctioneer for commercial property owners (alongside Acuitus). However, there are several other auctioneers across the UK that operate in the commercial space, albeit to a lesser degree.
Due to their often nuanced nature, commercial properties generally require auctioneers to have specialist knowledge and experience. Allsops, for example, have several qualified Royal Institute of Chartered Surveyors (RICS) valuers as part of the team.
Below is a table of the spread of Allsop’s sold auction property prices:
| Allsop’s Auction Sale Price Range | Share of Total Auction Sales |
|---|---|
| Under £200,000 | 23.62% |
| £200,000 – £500,000 | 31.07% |
| £500,000 – £1 million | 23.95% |
| £1 million – £2 million | 15.21% |
| £2 million – £5 million | 5.50% |
| £5 million – £10 million | 0.32% |
| £10 million and over | 0.32% |
Allsop Commercial Auctions has sold 430 of the 526 – or 82% – of the commercial property lots listed in the past 12 months.
This puts them in position number 4 out of the top 50 auction houses in the UK.
Having a higher percentage of lots sold is usually a sign that the auctioneer has the relevant expertise in pricing auction properties realistically. It also means that the auction house has well-run operational practices – including legal – to be able to progress sales efficiently within the required timeframes.
Property Auctions News tracks sales data and base market share on the number of properties sold relative to other UK auctioneers.
With 430 sales in the last 12 months, Allsop Commercial Auctions currently has a 1.54% share of the total property auctions market in terms of stock sold. However, in terms of the total value of sales, the auctioneer has a 7.21% share.
It’s also worth talking to smaller and often more “nimble” auctioneers who often benefit from offering a personalised service.
Allsop’s auction service is reviewed across a number of online platforms including TrustPilot, Google Review and GetAgent and has an average review score of 3.53 (out of 5).
Allsop’s Trustpilot Reviews currently shows a 2.4 rating, classifying them as “Poor”. There are 82% one-star reviews with recommendations to “stay away”. On the other hand, a reviewer who sold a commercial property ” was very happy with the service provided throughout” and gave them a 4 rating.
Google My Business Allsop Reviews currently shows a 4.1 rating with clients disappointed in their experience with the auctioneer. There are, however, multiple 4 and 5 star reviews by both sellers and buyers with one stating they are “the best commercial agents I’ve dealt with”.
Get Agent’s Allsop Reviews currently shows a 4.1 rating with some reviewers being disappointed with the service they received. 75% of reviewers nonetheless gave Allsop’s 5 stars on the platform.
Reviews of auctioneers must be viewed with caution as these are personal experiences and due to certain expectations. It’s always verifying the accuracy of the review and research the track record of the auctioneers.
Please start by entering your postcode
Allsop Commercial Auctions charges the following to market and sell a commercial property:
Allsop Commercial Auctions will charge a fee of 2.5% + VAT of the auction sale price directly by the seller, usually upon successful completion. Note that there is a minimum fee which depends on the set guide price of the property.
There will be an additional fee of £650 to £750 + VAT to add the property at auction charged to the seller. This fee typically covers marketing material (photographs, floorplans, producing the EPC, checking the commercial building / land specifics) alongside other administrative costs. Note that this will be charged regardless of whether the property sells or not (although, typically, you will not need to pay the fee should you decide to relist if the sale is unsuccessful).
Allsop’s may also recommend obtaining a professional survey / valuation – conducted by a qualified professional from the Royal Institute of Chartered Surveyors (RICS). This can often facilitate an easier transaction process and will typically be paid for by the seller.
The auction winner must pay a non-refundable bidders’ security (reservation) fee of £10,000 + VAT. The buyer will also pay 10% at the fall of the hammer. Note that this can vary in line with the value of the property.
Allsop charges £1,000 + VAT buyers fee. This is usually paid by the buyer at the fall of the auction hammer and covers the necessary paperwork that will need to be completed for the sale.
There are legal fees that both the buyer and seller must pay, which are independent of the auction house.
It’s generally always recommended for the seller’s solicitor (conveyancer) to prepare a commercial auction legal pack. This is because the buyer will effectively be committing to purchase the property at the fall of the hammer and would therefore need as much background information as possible.
Due to the higher capital investment requirements, commercial property legal packs tend to be more comprehensive and would usually contain:
Given the extra complications involved in commercial auction transactions, conveyancing fees tend to be on the higher side. In addition to shopping around, it’s worth speaking to Allsop’s to see if they have any recommendations if you do not have any contacts of your own.
As a seller, you may choose to pass these on to the buyer which will be written into the Special Conditions of the auction contract. Bear in mind, depending on how “in demand” the property is, this may result in bidders offering lower to factor in the costs.
Please start by entering your postcode
Allsop’s runs its commercial auctions 8 to 10 times a year. The number of auctions tends to increase when there is surplus stock that needs to be sold.
As one of the well-established industry operators (within both the residential and commercial sectors), Allsops operates traditional or unconditional auctions.
This means that there is a marketing and viewing period prior to the auction and when the online gavel falls, contracts are immediately exchanged. At this point, the buyer will typically pay 10% of the auction property’s sales price alongside a buyer’s premium.
The buyer then has 28 days to complete on the sale or else face financial penalties (stipulated in the auction terms + conditions).
No, Allsop’s specialises in traditional 28-day unconditional sales. At the seller’s request, the period between the fall of the hammer (exchange of contracts) and completion can be extended to 42 days (6 weeks) or potentially longer.
Depending on the level of interest for a given property, Allsop’s will open up the bidding on a set day or time period. These days, most of their auctions are live-streamed and bidders can also participate online, live stream, by phone or proxy.
Allsop Commercial Auctions market properties using a mix of strategies and processes to encouraging strong bidding activity on auction day.
Regardless of whether you’re buying or selling at auction, remember to take the time to understand how everything works from start to finish to avoid any misunderstandings.
Upon signing up, the auctioneer works with the seller to organise high-quality photos, floorplan, an energy performance certificate (where necessary). Allsops will then prepare the listing in line with the relevant guidance – this will include the terms + conditions (typically in line with RICS Common Auction Conditions) and detailed information regarding the property and the auctioneer’s full contact details.
In addition to Allsop’s own website, the listing will be fed through to the commercial property portals such as Estate Gazette’s Property Link. Given the auctioneer’s experience, they can make use of a “black book” of investors (and their specific criteria) as well as use social media and email campaigns to reach potential buyers.
They use traditional and “offline” methods for the auction which may include auction sale boards, brochures and local marketing through their commercial estate agents partners.
Allsop Commercial Auction hold open days and individual viewings with registered buyers, starting 4-5 weeks before the auction day.
Prior to agreeing to list a property, a member of the Allsop Commercial Auctions team will carry out a commercial valuation of the property. This will typically involve consulting their in-house team of RICS-qualified experts, although independent advice may be sought for more intricate transactions.
Yes, the premium will be added to your gross stamp duty calculation as it’s deemed as being incorporated into the total cost of the property.
If the property fails to sell at auction, Allsop Commercial Auctions could extend the contract/enter the lot at the next auction for no cost/an additional cost)
If the property is still unsold after (amount of days), you’re released from the contract sale.
Sellers should always review feedback to find out why it didn’t sell at auction. In most cases, it comes down to an overly high reserve price, resulting in insufficient interest.
Lists of upcoming auction events from the auction house:
Please leave your details below
© Copyright 2025 Property Auctions News. All rights reserved
PropertyAuctions.News is a trading style of Property Solvers Limited, Company Registration Number: 05878362
