The now dilapidated Lord Duncan hostelry in Chatham sold for £115,000 after being offered at auction with no reserve.
Clive Emson Land and Property Auctioneers generated sales worth over £20 million at the first sale of the year – the best February figure since 2016, achieving a sale rate of over 80 per cent after cataloguing 171 lots. The auction – across five days in five venues – was the largest since 2018 and the largest first sale of the year for seven years.
Managing Director James Emson said, “We have certainly enjoyed a great start to 2020 with excellent results coming from a packed catalogue. It is another demonstration of the power, practicality and effectiveness of the auction when it comes to buying and selling land and property.
“We are looking to build on February’s results throughout this year with our dedicated and skilled team of specialists working hard on behalf of all our clients and customers. However, we are only as good as our last auction and we will be striving to bring you the best possible lots next time.
“Thus, we go into our pre-Easter auction series in March with a definite spring in our step and a determination to make it the best one yet.”