Acuitus followed on from their highly successful March auction with another strong sale, which takes their total asset sales at auction for 2015 past the £110m mark.

The team raised £45.29m at their latest auction, held on May 21st, with an 82% success rate and an average lot size of more than £870,000.

Auctioneer Richard Auterac commented: "Investor demand in the commercial property auction room is undergoing a significant change of emphasis and this auction illustrated that vividly.

"A year ago, there was only very strong, concerted demand for lots in London and the south east but this catalogue was notable for its very wide geographic and sector spread.

"Of the 64 lots offered, only a handful were from London and its immediate environs and yet there was sustained investor demand throughout."

The highest selling property of the day was Lot 16, a Yates's public house in Queen Square, Wolverhampton. The freehold pub, which was let on a new 25 year lease and produces a current income of £265,000, sold for £3.035m.

Their next auction will take place on July 9th at the Radisson Blu Portman Hotel, London W1.