Before the summer break, the commercial property auction sector shook off uncertainty caused by the EU Referendum as the Acuitus July sale exceeded expectations by raising £58m.

Investors targeted a wide range of commercial property as a total of 78 lots sold - 88% of those offered in the sale - with 20 achieving prices of more than £1m.

Acuitus auctioneer, Richard Auterac, comments: “In times of economic uncertainty, the auction room enables investors to access the type of income returns which are not available through other investment media.

“This is driving new levels of buyer demand which, in turn, are creating unique circumstances in which to sell assets.”

Acuitus has now sold £250m of assets this year and is now preparing the catalogue for the October auction which already features over 70 lots from major funds, property companies, banks and receivers.​