Singer Vielle sells everything in first UK online realtime auction

Singer Vielle, the investment agent, secured a 100% success rate at the first online realtime auction in the UK, selling three dental surgeries in Colchester, Blackpool and Chelmsford.

The firm has now sold £7.5m of property online in 13 transactions since launching its online service at the end of last year through its website Singer Vielle Sales and using the platform, Click to Purchase.

While last week’s debut auction comprised only three lots, Singer Vielle founder Neil Singer said “auctions can occur every day throughout the year, with multiple auctions each day, hence providing an ability to sell a considerably higher volume than the traditional auction houses who offer perhaps five or six auctions a year”.

The first lot, in Colchester, sold for £228,000, against a guide price of £195,000. The second lot, in Blackpool, sold for £252,000 and the third lot, in Chelmsford, sold for £416,000, against a guide of £380,000.

The bidders were based as far afield as London, Blackpool, Colchester, Leicestershire and Surrey.

The next Singer Vielle Click to Purchase auction will be held on 25 March. Already one of the lots has been sold online prior to the auction.

By James Whitmore