Clive Emson Auctioneers reported sales in excess of £17 million as its Autumn auction went with a bang.
The sale, the seventh of eight sales this year, took place across five days in five venues.
Britain’s largest independent regional land and property auctioneer achieved a rocketing sale rate of 75 per cent after cataloguing 130 lots.
Clive Emson Auctioneers’ Managing Director, James Emson said, “As we are all aware, there has been a great deal of national uncertainty and upheaval this year as well as the usual peaks and troughs associated with our industry. However, 2019 has proved yet again that property remains an excellent investment and that our auctions remain the best place to buy and sell.
“Our vendors and purchasers recognise the worth of property – and also that Clive Emson offers an exceptional service covering all aspects of the auction market.
“As we approach our final sale of the year we can reflect on continued good results for the company. Our pre-Christmas sale in early December will certainly be serving up some Christmas crackers.”
Other highlights of the Autumn auction included:
- A seafront flat with direct sea views in the iconic Art Deco ship-style Marine Court building in St Leonards, East Sussex which went for £56,000 leasehold as an investment property.
- The substantial former post office and sorting office in Freshwater, Isle of Wight, was sold – with planning consent in place for conversion to up to five flats – for £166,000 freehold.
- A ground floor shop with an upper floors four-bedroom apartment in a prominently located terrace in Westgate-on- Sea, Kent sold for £230,000 freehold. Part-let, it generates £6,250 per annum.
- A local investor nailed their colours to the mast when they bought Torquay’s former Conservative Club for £165,000 – planning consent exists for conversion to three homes.
- Land with outline planning consent for two homes in the popular River Blackwater sailing location of St Lawrence Bay, Essex, was sold for £172,000 after a bidding war.