Highlights of our London Property Auction on 10th May 2017
Success Rate: 92%
Total Raised: £19,590,000
Highlights include the sale of Lot 1: 38 Cannon Hill, Southgate, London N14 6LG. This well located hair salon with a flat above, producing £23,000 per annum proved extremely popular, with 70 parties registering for the legal pack, and sold for £660,000 generating a 3.5% yield.
Meanwhile Lot 22: 30/31 Clerkenwell Green, Clerkenwell, London EC1R 0DU sold for £3,950,000, the most expensive Lot of the Auction, let to "Dans Le Noir" restaurant with 2 flats above, producing £129,339 per annum, generating a yield of 3.3%.
Additional lots selling post auction provided a 92% success rate.