There was a high sale rate with 95% of the properties selling for an average lot size of more than £1 million ($1.6 million).
Richard Auterac, European Director and Auctioneer said: "The received wisdom is that the property market is turning and following the downward spiral in the equities market. Our results show that the commercial property investment market remains a constant for private investors and they are continuing to spend significant amounts of money. No other investment can currently compare with the long term benefits of owning direct property."
The largest lot sold in the room--Wharf Road in Portsmouth--sold for £4 million ($6.38 million), a yield of 4.91%.
Among other lots, a fashionable Shepherd Market restaurant located in prestigious Mayfair sold for £1.34 million ($2.14 million), a yield of 4.67%, and City of London shop close to the Bank of England let to Starbucks Coffee Company (UK) Ltd also received a piece of the intense action and sold for £952,500 ($1.52 million), a yield of 5.06%.
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