Old Custom House Up For Auction Today

An historic building on the Strand will go under the hammer in London today.

The Old Custom House was used for that purpose from 1927 when the customs office moved from the Atlantic Hotel. It was bought from the Government in 2007 and remodelled into three units, some of which have been used as holiday lets.

But the former owners of the building, Alexander Partnership South West Ltd, who also used to own St Mary’s Hall Hotel, went into receivership and the bank has forced the sale.

Gary Murphy, the auctioneer at Allsop’s in London, says there has been a fair amount of interest. He says thousands of people will have been sent details of the property – Allsop’s mailing list is 170,000 people, and they’ve also been using other routes to advertise the property.

One would-be buyer has even flown over in his helicopter to view the property.

Would-be buyers can register to bid by phone, post or over the internet although anybody wanting to do this will need to register with Alsops and have left a 10% deposit.

The property has a guide price of £600,000 to £750,000.


UPDATE AT 12.57pm

We’ve just been informed by Allsop’s that the Old Custom House sold earlier this morning for £705,000.