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Clive Emson raises £28 million at autumn sale

Clive Emson Land and Property Auctioneers raised £28 million from 180 lots catalogued for its autumn auction.

Its penultimate auction of 2018 took place across five days in five venues from October 29 to November, achieving a sale rate in excess of 70%.

James Emson, managing director, commented: “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.”

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“Our vendors and purchasers recognise the worth of property, and also that Clive Emson offers an exceptional service covering all aspects of the market.”

Highlights of the autumn auction included:

·         A 9.65-acre vineyard – including buildings and a shipping container – between Tiverton and Crediton, Devon, sold for £58,000.

·         The Cherry Tree House in Cheriton High Street, Folkestone, which is let to the North East London NHS Foundation Trust at £85,348 per annum, sold for £910,000 – some £390,000 above the guide price. The neighbouring Brockman Family Centre and Haven House sold £400,000 above its guide price at £700,000.

·         More than three acres of land on a development site at Ashley, Ryde, Isle of Wight, with planning consent for 45 homes, was sold for £510,000 freehold.

·         Three residential properties in Burgess Hill, West Sussex, sold for a total of more than £750,000 after bidding wars over each lot. Two houses and a cottage went for £310,000, £227,000 and £214,000 freehold respectively.

·         A site at Wennington, near Rainham, Essex, containing fire-damaged properties with planning consent already in place for two houses went under the hammer for £290,000.

Clive Emson holds a regional auction at five locations every six weeks. The eighth sale of 2018 takes place at the following venues at 11am:

-          Essex & North and East London – Monday, December 10 at the Chelmsford City Racecourse, Chelmsford

-          Kent & SE London – Tuesday, December 11 at the Clive Emson Conference Centre, Detling, Maidstone, Kent

-          Sussex & Surrey – Wednesday, December 12 at the Hilton Brighton Metropole, Brighton

-          West Country – Thursday, December 13 at the St Mellion International Resort, Saltash

-          Hampshire & Isle of Wight – Friday, December 14 at the Solent Hotel at Whitley, near Fareham

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