Pugh & Co. Property Auctions has announced successful July property auction results, which the firm believes dismisses any potential Brexit fears.

The auctions were held at the end of July at Manchester’s AJ Bell Stadium and Leeds United Football Club and saw more than 175 lots included in the catalogue, with a series of local authority, commercial and residential properties up for sale, along with several plots of land.

Pugh’s sellers achieved over £12.8 million for the July auctions with a success rate of 78% for sales on the day.

More than 560 people registered to bid across the two auction days, with several lots seeing bidding wars in the room and over the phone.

At the auction in Manchester, Lot 14 – three flats in need of refurbishment – achieved more than double its guide price, while Lot 1 – Radcliffe Police Station – was sold for £50,000 more than its £100,000 guide price following huge interest in the room and on the phone on the day.

At the Leeds auction, Lot 122a proved to be the most popular as several people in the room, along with 15 telephone bidders, were keen on the former bank in Nottingham. It was wold for £420,000 from a £100,000 guide price.

Managing Director at Pugh & Co and auctioneer, Paul Thompson, said: “We were very pleased with the outcome of both auctions. Given the levels of uncertainty being seen across the property landscape it was an interesting test of the market post Brexit.

“So to see the rooms full and sell close to 80% on the rostrum there was a clear message that property is still a sought after commodity and the market confidence see prior to the referendum is still in place.”

The next auctions from Pugh & Co will take place on September 13 at the AJ Bell Stadium and September 15 at Leeds United Football Club.