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Buying Commercial Property at Auction: A Guide

Fast, binding, and only for the well prepared.

Buying Commercial Property at Auction: A Guide Commercial Property Valuation & Investment

Updated October 2026 · Fraser Bond

Commercial · Auctions

Commercial property auctions

Legal packread it
10%deposit
28 daysto complete
Feesextra
In short: At a traditional auction, the contract is binding when the hammer falls: you pay a 10% deposit (often with a buyer's fee) and usually complete within 28 days. Read the legal pack with a solicitor before bidding, including special conditions, leases, searches and VAT position. Arrange finance in advance, often bridging, and inspect the property. Auctions can offer value on tenanted shops, mixed-use buildings and vacant lots, but problems are priced in for a reason. Fraser Bond can assess London lots and advise on rental value.

Before bidding

Frequently asked questions

Is an auction sale binding?

Yes, on the fall of the hammer.

How long to complete?

Usually 28 days.

Bidding on a London lot?

Talk to our team or get a free valuation.

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