Savills raised more than £45m at its 17 March auction from the sale of 129 residential, commercial and mixed‑use lots, achieving a 72% success rate.
10 Eaton Gate, Belgravia
The standout sale was a three‑bedroom flat in Belgravia, west London, totalling 2,600 sq ft over ground and lower-ground floors, which went under the hammer for £2.37m.
Meanwhile, in Beaconsfield, Buckinghamshire, a detached family home set on a 0.5-acre site sold for £1.19m; and in Windsor, Berkshire, a four‑bedroom home on a 0.46‑acre plot achieved a sale price of £1.074m.
Commercial properties accounted for £15m of the total raised. Highlights included a freehold mixed‑use investment in north London, comprising a shop and a four‑bedroom flat above with an annual rental income of £58,800, which fetched £900,000.
Finally, a grade II-listed leasehold office investment next to Victoria station in central London sold prior to the auction, significantly above its £1.8m guide price.
Steven Morish, a director in Savills’ auction team, said: “Our latest auction produced some strong results and competitive bidding on well-priced end user and asset management stock across the country.
“That said, we noticed a degree of caution among some sellers, many of whom were keen to secure deals before the end of the financial year and therefore more open to agreeing sales prior to the auction.”
The firm’s next auction will be held on 31 March.
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