Get in touch on 0845 301 5544
or email at info@estatesgazette.com

Barnard Marcus ends 2016 on a high

Barnard Marcus recorded one of its best success rates of the year six days before Christmas with 135 of 179 (76%) lots sold.

The auction raised £21.9m, with 99 lots selling in the room and 20 selling prior. In November, the firm raised £23.5m from 164 lots – a success rate of 74%.

Auctioneer Chris Glenn said: “The December sale shows there is confidence in the market and that Brexit and other uncertainties have been accepted,” he said.

The most expensive lot, a detached a former hostel with development potential in Leytonstone, E11, sold for £1m.

Eight plots of land in Hook, Hampshire, were all sold, but a site off the M3 motorway, also in Hook, went unsold. A further 20 plots at Newchapel in Lingfield, Surrey, all found buyers.

The sale took place at the Grand Connaught Rooms, WC2, on 19 December.

EGi publishes more news articles online than any other UK commercial property service.

Find out more about EGi News.