Over the past couple of weeks we have now seen 3 commercial property auctions all receive huge private investor demand. A very good article in this weeks Property Week summarized below.
- A couple of weeks ago Allsops achieved the UK’s largest one day sale since 2006. £117m raised across 201 lots, with an average lot size of £582,000.
- In October, Acuitas raised in excess of £70m from 128 lots, they saw a marked increase in new entrant bidders looking for “bond like” income streams.
- Lambert Smith Hampton (LSH), also raised £12.5m, where they saw a marked increase in residential investors buying commercial lots after stamp duty on residential buy to lets properties increased in April.
This is very promising news for the smaller end of the commercial property market.
