Two Nationwide receiverships sales from Cannon Capital’s latest auction have sold for just over £450,000.

Cannon Capital, which jointly advised on the sale with Edward Symmons, sold two offices on Orion Court, Bramford Road, Great Blakenham, five miles north west of Ipswich.

One unit, let to British and Brazilian Produce, had a guide price of £280,000 and sold to the current tenant for £300,000.

The second unit, let to Classic Services (Care and Training) had a guide price of £140,000 and was bought by a private investor for £158,000.

Auctioneer James Cannon said: “The quality of both these office investments always meant they were likely to sell especially because investors always believe they capture more value with receivership sales, interestingly both sold for considerably more than their guide prices.”