Our latest auction yesterday raised over £40m, bringing our total so far in 2024 to £735m across 15 sales, with a further 100 lots to be offered in our auction next week and a final date for the year on 11 December, for which we are still taking instructions. The full results of the sale can be viewed here.
Highlights of the sale included a retail parade in Harrogate (Lot 93) which sold for £2.75m, a country house in Faygate (Lot 26) which achieved £2.6m, and a mixed use investment in Chiswick (Lot 94) selling for £1.2m. The Sutton Ambulance Station (Lot 102) sold for £915,000 and a mixed use property comprising a shop on the ground floor and flat, in Balham achieved £1m.
As always, well priced stock attracted strong interest and therefore strong competitive bidding. On the commercial and development side there was a very strong performance with good interest in higher value stock, often with asset management or a development angle. The renewed interest in development opportunities signals medium term positivity in the market.
Register to bid for the 26 November
With our next auction just around the corner, on Tuesday 26 November, now is the perfect opportunity to view any lots that you are interested in and register to bid.
If you were approved for bidding in any of our previous auctions, this time you simply need to add the lots you are planning on bidding on without waiting for our team to approve. If you need any help please email bidding@savills.com.
Inviting final instructions for 11 December
We are still inviting instructions for our last auction of the year which will be held on Wednesday 11 December, with the catalogue due to go live next week. It will feature lots across the UK, including a mix of residential, commercial and development opportunities, and with 180 instructions currently to be included it promises to be another busy month. View current preliminary lots here.
