Lambert Smith Hampton set an in-house record success rate after 84% of its 18-lot catalogue sold yesterday.
The auction at Claridge’s in London raised £2.6m from low lot sizes, which averaged £176,000.
A dozen of the 18 mostly vacant or regional assets were receivership or bank-led sales.
Successes included a part-vacant retail/residential investment in Bury St Edmunds, offered with a guide of £120,000 that sold for £200,000.
A vacant office in Farnham made £214,000 off a guide price of £175,000, while the largest lot of the day, a retail investment in Crawley, West Sussex, sold for its £600,000 guide.
Auctioneer Oliver Childs said: “We are starting to see more receivership sales coming to the room along with more of the smaller-sized investment stock we reported on earlier this year, so the signs are encouraging. But pricing is key and we are now being much more stock selective.”
estelle.maxwell@estatesgazette.com
