A fifth Acuitus sale of 2015 represented the largest catalogue Acuitus has brought to market, and produced a 90% success rate as the team raised £67.6m at the sale held on 22nd October. Some 26 of the 75 lots sold achieved prices of more than £1m.

The auction included the sale of a freehold retail warehouse investment for £1.725m to an investor who won the bidding online. This is believed to be the highest price achieved in the UK by a commercial property lot selling to an online bidder.

Auctioneer Richard Auterac commented: "This was a landmark for us and the sector. Investors can watch our auctions live online and also bid securely in a safe and professional environment. We think that an increasing number - and especially those from overseas - will start using this method." 

"Having sold more than £6bn of assets during my career in the auction room this is admittedly a small additional step today but potentially a giant leap forward in opening up private equity to direct investment in commercial property."

"The sale of this lot illustrated the different channels we provide for bidders. Not only did we have the successful online buyer, there were also bidders int he room and on the telephone competing for it."

The highest selling property of the day was Lot 49, a modern 46,381 sq ft freehold retail parade investment in Crane Street, Pontypool with a current income of £288,000 per annum, which sold for £2.37m.

Their next auction will take place on 10th December a the Radisson Blu Portman Hotel, London W1.