In our latest edition of the Allsop Propchat, George Walker, Allsop Auctioneer runs through the story of how Harkalm started in the commercial auction market with just two phones, an Estate Gazette Directory, a notebook and appetite for risk and have concluded over 500 transactions to date – with many more to come.
George, Adam and Ben explore the story of this progress, the key moments, their most memorable auction purchase and several hints and tips for active investors in today’s market, where opportunities remain to be taken.
Whilst the team of 30 is still active in the auction sector, their appetite for deals spreads further afield.
Harkalm are typically investing £60-£70m annually into 30 or so mostly vacant properties to re position to clients and occupiers needs across several sectors. Having started on the High Street with national bookmakers like Coral, they work across many sectors from convenience stores and nurseries, now including drive through developments and a new and interesting expertise providing Special Educational Needs (SEN) schools.
All of their experience is focussed on creating institutional grade investment property to hold or trade on to a very receptive Private Investor market.
Following some advice from a business coach who said “you can’t run a supermarket or cornershop practices” they have captured the process for themselves. The market knowledge which they have leveraged so well over the years has now been integrated in their own in house “dating site” for buildings and tenants with the help of specialist data scientist working in house.
To close we ask how each of them would invest a £5m windfall in today’s market, for themselves and secondly for a passive investor seeking safe income and wealth preservation.
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The podcast presented here is for general guidance and represents opinions of our teams based on the property market at the time of recording.
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