Fund manager OLIM Property has made its first sale through an online auction, selling a Prezzo restaurant at a 5% net yield to a private investor
Savills’ sale this week raised just under £49m, its second-highest total of the year
Andrews & Robertson’s latest auction raised almost £14.5m, but recorded its lowest success rate this year at 68%.
Clive Emson Auctioneers took more than £18m at its five sales this month with a success rate of 80% from 140 lots.
Property auction houses have interpreted new money laundering regulations in different ways, leading to a variety of requirements for bidders.
Allsop raised £71.3m at its residential sale last week, its highest September total on record.
Phillip Arnold auctions recorded its best result for almost 18 months at its most recent sale
Four out of five buyers at Allsop’s commercial auctions now pay with cash, as high street clearing banks withdraw from the smaller-scale investment loan market
A former farm property with planning approval to develop five homes is listed at SDL Auctions Graham Penny’s next auction in Derby
Top stories from the auction world this week
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