A standing room only auction lead to a 93% success rate at Barnett Ross’s latest sale with totals reaching £19.7m.
The highest price achieved was £1.8m for lot 14, a shop with 8 flats and a double garage in Borehamwood, Hertfordshire, producing £91,912 pa. The sale price reflects a 5.1% yield.
Another notable lot was lot 9: a high street property in Edenbridge, Kent, DP Realty trading as a Domino’s Pizza takeaway and producing £14,500 pa. It sold for £300,000 – a 4.8% yield. The property was sold for former England cricketer Mark Ramprakash, who will be providing a personal signed cricket bat to the buyer.
Lot 5 – 171 High Street in Rochester, Kent – sold prior to the auction for former England cricket captain Alec Stewart, who will also be providing a personal signed cricket bat to the buyer.
The next Barnett Ross auction will take place on 14 December.
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