Acuitus achieved a success rate of 86% with 16 lots selling for more than £1m at its latest sale.
The auction raised nearly £47.4m, with 74 of the 87 lots offered sold, 63 in the room and six prior.
Acuitus chairman Richard Auterac said: “There was tremendous positivity in the room, and that is reflected in the prices paid and the overall success rate.
“Investors are making it plain what they demand, so the ball is really now in the sellers’ court. If they supply the right assets, these will sell at good prices,” he said.
A reversionary long-let office investment in Belgravia, close to Buckingham Palace, sold for £1.5m at yield of nearly 2%. The 7,970 sq ft grade II listed property is let to hotel booking agency Polyglobe until 2050 without breaks, and produces a current annual income of £23,000.
A freehold restaurant investment in Guildford achieved £2.4m, which was the highest price in the room. Let on a 20-year lease until 2036 to Jackson & Rye Restaurants, and guaranteed by Côte Restaurants with no breaks, the property produces an annual income of £130,000, and sold at a yield of 4.9%.
Industrial units in Crawley, West Sussex, measuring 8,000 sq ft, sold for £1.1m at a yield of 5.9%, while a 18,900 sq ft freehold warehouse investment on the Coldharbour Lane Industrial Estate in Harpenden, Hertfordshire, sold for £1.8m at a yield of 6.3%.
Of the 33 Scottish lots offered in the sale, all but two found buyers with the top price among them of £1.8m being achieved by Raeburn House in Edinburgh. The 8,780 sq ft office investment currently produces an annual income of £119,000 pa, and has potential for residential conversion with planning approval.
Auterac added: “The sale was in line with our view of the market: broad-based investor demand targeting property of all sector types. Competitive bidding consistently saw lots sell well above their reserves and the sale attracted national and international investors.”
The sale took place at the Radisson Blu Portman Hotel, W1, on 30 March.
