Acuitus’s final auction of 2015 demonstrated the continued growth in investor demand as £45.033m of assets sold at a success rate of 88%.

Acuitus auctioneer, Richard Auterac, comments: “This was an emphatic conclusion to our 2015 auctions. Investors were out in force and had an appetite for all the sectors across a wide geographic spread.

“The properties in the main are from portfolio break-ups, receiverships and asset rationalisations by investment institutions and funds selling their smaller properties. These are being snapped up by the growing volume of private investors who recognise the convenience of having a wide choice of investments in one catalogue. This makes it the most efficient and transparent route into the market for them.”

A packed auction room and concerted bidding highlighted the depth of interest in commercial property by private buyers.

Of the 57 lots sold, 15 sold for more than £1m and the average yield achieved was 7.5%.

Demand for London properties remain undiminished with a freehold retail investment on Wood Green High Road selling for £2.1m at a yield of 5%. The 5,043 sq ft shop is let to Holland & Barrett until 2026 at a current rent of £111,200pax.

Elsewhere in the sale, a 20,715 sq ft Gala Bingo Hall investment in Birmingham offered for sale by M&G Real Estate sold for £1.27m at a yield of 6.1%.

Richard Auterac comments: “ We expect the growing momentum that we have seen in the auction room since the summer to carry through into 2016"

“A growing number of sellers are now favouring our multi-channel auctions which are clearly demonstrating their unique ability to harness huge amount of private equity openly and quickly.