Auctions newcomer Knight Frank raised £4.5m from its latest sale, its largest total since a pilot auction last July.
Using SDL Property Auctions to run the live-streamed sale, Knight Frank sold eight of 10 lots offered. A further two lots were withdrawn prior.
The largest lot to sell on the day was a parade of six shops with residential accommodation above in Kirkby-in-Ashfield, Nottingham (lot 10), producing
£75,746 per annum. It sold for £627,000, an 11.49% net yield.
The Old Passage (pictured), a restaurant and B&B on the River Severn in Arlingham, Gloucestershire, offering development potential (lot 6) was among those lots to be snapped up prior to the auction. A residential lot in Marylebone, W1 (lot 7), made up of three flats on assured shorthold tenancies, also sold prior.
Knight Frank has held four auctions since hiring former Allsop partner Richard Watson to spearhead an auctions initiative.
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