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Heatwave auction defies summer slowdown with £8 million sales

The latest Network Auctions event, which took place on July 12 in London, raised a total of £8 million.

Sold lots covered all asset classes and were located across the country.

Highlights of the sale included a modern church and car park in Surrey which sold for over £2 million off a guide price of £750,000 and a freehold tenanted building in Somerset which sold for £132,000 from a guide price of £40,000-£50,000.


There was also a leasehold cottage in Cheshire which exceeded expectations, selling for £132,000 after being guided at £70,000-£75,000.

The probate sale was viewed 120 times and had its legal pack downloaded on over 100 occasions.

"We’re delighted with these strong results despite the challenging market conditions," says Tony Limbrick, director of Network Auctions.

"We’re very happy that vendors took our expert advice on the pre-auction bids and we have delivered results exceeding expectations."

The auctioneer's next sale takes place on September 12 at Grosvenor House Hotel in London.


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