New Cross Road lot is top takeaway at BidX1 June sale

BidX1 raised £4.6m from its 3 June UK sale, with a success rate of 84%. The firm offered 36 lots, of which 30 found buyers. However, 13 were withdrawn prior. Highlights included the sale of a takeaway shop with two flats above in a retail parade on New Cross Road, SE14 (lot 5). The investment produces £28,800 per annum and fetched £480,000, a 6% yield. A two-bedroom flat in Stockwell, SW9, let on an AST and producing £31,200, sold prior for £465,000, a 6.71% yield.     A residential development opportunity in Bromley, Kent, sold post-auction for £240,000. The site has permission for the demolition of six garages and the construction of two flats with dedicated parking. The sale was an improvement on April, when BidX1 raised £2.4m in its UK auction, also an 84% success rate. Its next sale is scheduled for 22 July. To send feedback, e-mail julia.cahill@egi.co.uk or tweet @EGJuliaC or @estatesgazette