LAST month Auction House recorded the most successful month in its six-year history, with record numbers of lots entered and sold, and its highest ever monthly total raised.
The company hosted 19 auctions across the UK in February, with 385 lots offered and 294 lots sold, raising a total of £28.4m.
“Our auction rooms have been well attended, with a resurgence of interest from refurbishment specialists and buy-to-let investors,” said director Lawrie Stewart. “Most of our auctions had success rates around 80 per cent.”
The company has seen a 50 per cent increase in commercial property sales following the launch of its specialist commercial service this year.
“Our regional approach to selling property has made us the most successful residential auctioneer in the country in terms of lots sold,” said Lawrie. “Now we’re taking this winning formula and offering it to commercial sellers as well.
“We are seeing more repossessions and receivership sales being made through regional auction rooms. Our centralised service means that lenders, asset managers and receivers can place properties with us via a single point of contact, then we channel them through our auction rooms around the country.”
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