Allsop Commercial raised £65.3m at its 25 March auction, selling 107 of the 126 lots on offer, an 85% success rate.
Demand for regional stock was in evidence, with £30m raised from the sale of assets located outside the capital.
These included an industrial investment in Salford, Greater Manchester, which sold for £855,000 – a 7.7% yield.
The one-acre site, let to HSS at a rent of £70,000 pa, was sold on behalf of a private property company based in Leigh, Lancashire, and bought by a private property company based in Salford.
A total of 16 lots sold for more than £1m. The largest was the freehold of a retail parade of six shops and 13 flats in Lewisham, SE13, that sold for £5m – a 5.7% yield.
It was sold on behalf of an off-shore property company, and bought by a London-based property company.
A survey of buyers on the day revealed an increase from its previous auction in the number of buyers using finance, from 32% to 36%.
The survey also showed a wider geographical spread of buyers, as well as more buyers interested in investing further over the next 12 months.
Auctioneer Duncan Moir said: “The demand for both single-let investments and multilet, management-intensive assets was clear, with enthusiastic bidding from a variety of sectors. Domestic investors were competing with overseas buyers, together with a good showing of new investors.”
The auction took at the Dorchester Hotel, W1.
