Acuitus has successfully auctioned close to £100m of property since the beginning of the year and is now taking lots for its next auction on July 9th.

Commenting on this week’s auction, Acuitus Chairman and Auctioneer, Richard Auterac, said: “The average lot price achieved in our May sale was £800,000, and this shows that it is often the higher value, higher quality assets which attract buyers.

“However, Acuitus is focused on bringing a wide range of properties to the market whether they are prime investments or properties that will repay active asset management. The auction room currently presents great opportunities for buyers and sellers alike”.

At the May auction,  a freehold retail and residential investment at 65 Tooting High Street , London sold for £1.405m a yield of 5.16% and 43 Eden Grove N7 – a block of 15 HMO flats – sold for £2.05m; a yield of 4.37%.

Outside of the Capital, office investments proved popular with the part-let 18,059 sq ft Nelson Court in Stafford which currently produces income of £85,000pa selling for £625,000. In Reading, the 9,166 sq ft multi-let Havell House sold for £1.35m which reflected a capital value equating to £150 per sq ft.

The gradual recovery of well-let, well-located regional retail assets was illustrated by the sale of the WH Smith-occupied 110 High Street Marlborough, Wiltshire. Let to WH Smith until 2024 at a current rent of £115,500pax, the investment sold for £2.25m at a yield of 4.85%.