Acuitus raised £22.6m from its 28 October live-streamed auction, taking its total raised for its September and October auctions to £51m.
The largest amount raised was the £2.8m achieved for a freehold hotel and retail investment in Luton, Bedfordshire.
Director John Mehtab said: “We received unprecedented interest from hotel operators, developers and locally based property entrepreneurs. As the majority of the 30,000 sq ft building comprised a recently vacated hotel, the potential opportunities were very real.”
The demand for industrial estate investments remained strong with the sale of a freehold multi-let industrial estate in Broadstairs, Kent selling for £2.8m. Although the estate was dated, it was fully let and produced a current income of £240,350. A further leasehold industrial estate investment at South Cerney, near Cirencester, sold for £737,000 at a yield of 6.4%
Chairman and auctioneer Richard Auterac said: “Experienced investors are actively seeking out properties which offer asset management potential by acquiring investments such as shopping centres that can be usefully nurtured and repositioned, buildings that permit extension of space or change of use to residential and industrial where the income risk is spread across a number of tenants.”
Acuitus’s next auction takes place on 10 December.
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