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Agencies & People

Bumper £28 million raised at Emson property auctions

Figure is raised from 180 lots at company's penultimate auctions of 2018 across five days in five venues

The Negotiator

Clive Emson auction venue image

Clive Emson Land and Property Auctioneers raised £28 million from 180 lots in their penultimate property auctions of 2018 across five days in five venues from 29th October to 2nd November, achieving a sale rate in excess of 70 per cent.

Managing Director James Emson said, “Our Halloween week auction series was certainly packed with treats as a number of properties achieved well above guide prices and a fantastic selection of excellent buys were snapped up. Our vendors and purchasers recognise the worth of property – and the Clive Emson service covering all aspects of the market.”

Property auctions

Autumn highlights included Cherry Tree House in Folkestone – let to the North East London NHS Trust at £85,348 per annum – sold for £910,000, £390,000 above the guide price. The neighbouring Brockman Family Centre sold for £700,000 – £400,000 above guide.

Another good investment was a 9.65-acre productive vineyard, including buildings and a shipping container, in Devon, which sold for £58,000. Finally, a three acre plot on a development site at Ashley, Ryde, Isle of Wight, with planning consent for 45 homes, was sold for £510,000 freehold.

Read more about property auctions.

December 7, 2018

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