Twenty-three investment properties are among the 105 lots listed across southern England in Clive Emson’s penultimate auction of the year.
James Emson, Managing Director, said: “In this era of historically low interest rates, and as a hedge against the corrosive effects of inflation on savings, buy-to-lets and commercial properties continue to appeal to property investors in search of returns.”
Highlights of the November auction include a high-yielding, mixed-use investment, with sea views, in the heart of Brighton’s fashionable The Lanes. The property is guided at £955,000 – £1,050,000 and produces £20,000 pa from a restaurant and in the region of £120,000 pa through holiday lets.
Let at £46,800 per annum, a freehold mixed investment of four flats and a retail unit in Bitterne Park, Southampton, is guided at £550,000-plus (lot 49).
In Hastings, East Sussex, a terraced house, let at £9,720 pa, is guided at £220,000 whilst a two-bedroom leasehold property in Gosport, near Portsmouth, is guided at £95-100,000 and is currently generating £8,400 pa.
The latest auction will see physical block viewings on the majority of lots, but the auctioneer is still holding out on the return of live auctions in hybrid form, which they hope will be in Spring 2022.