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Over £50 million raised at Savills’ March auction

Tuesday 21st April 2015

Written by Conor Shilling

Savills Auctions says it has continued its fantastic start to 2015 with over £52.5m worth of property sold and an 82% success rate achieved at its latest residential property auction on Tuesday 31 March.
The £50 million plus raised last month is added to £105m worth of property already by the firm at auctions this year, with lots from £15k to £3.75m all going under the hammer.
Chris Coleman-Smith, head of the auctions team, commented: "Six lots sold for over £1m with London houses and investment lets in particular attracting competitive bidding, but our biggest lot of the day was a £3.75m grade A office building in Birmingham, which sold to a phone bidder.” 
“One of the most memorable lots was an unique cottage overlooking Wimbledon Common, which sold for £1.5m more than the guide to a round of applause after fierce bidding pushed the price up to £2.545m."
Savills is now inviting entries for its next auction, scheduled to take place on Monday 11 May.

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