Auction House London sells just one lot on the day of auction

Auction House London sold just one lot on the day of its 18 August sale.

Out of a seven-lot catalogue five were withdrawn and one sold before the auction, leaving a solitary lot to go under the hammer.

The lot in question was the freehold of an office building in Reading, Berkshire, which has permission to be converted into six flats. It had a guide price of £550,000 but sold for £600,000.

The leasehold property of a maisonette sold before the auction started, in Swanscombe, Kent.

Auction House London typically has a more substantial range of properties being sold, as it auctioned 101 out of 118 in a July sale, raising £27m in the process.

Its next sale will take place on the 14 September, with 131 lots – albeit seven of these have been sold prior to the auction.


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