Acuitus’ latest auction, which took place on Thursday 13 July, raised £52.4 million across 67 lots sold, with a success rate of 83%. Fifteen of those lots went for £1 million or more.  

Chairman Richard Auterac commented: “As we head into the summer break, this was an emphatic message from investors about their sentiment towards commercial property. If assets are priced correctly and professionally and thoroughly exposed to the market, they will find buyers. There is definitely a head of steam from investors to continue buying well into the summer months.”  

The biggest sale on the day was a highly reversionary leasehold investment in London’s Bloomsbury. Entirely let to University College London at £513,00 per annum and with a significant rent review due in 2011, it sold for £4.675 million at a net initial yield of 10.6%.  

Other notable sales included a retail park arranged over 3.45 acres in Speke, Liverpool. With tenants including Matalan, Next and Poundstretcher, and an annual rental income of £701,144, it sold for £3.7 million (17.79%). Meanwhile, a business park comprising 18 units in Hinckley, Leicestershire, with an income of £89,040 per annum, raised £1.2 million (7%).  

Acuitus’ next auction will take place at the Radisson Blu Portman Hotel, 22 Portman Square, London W1H 7BG on Thursday 19 October.