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TODAY'S OTHER NEWS

Clive Emson sees explosive results at autumn sale

While Guy Fawkes Night went off with a bang this week, Clive Emson Auctioneers reported sales in excess of £17 million in its rocketing autumn auction.

The seventh of eight sales took place across five days in five venues from October 28 to November 1, achieving a success rate of 75% after cataloguing 130 lots.

James Emson, managing director of Clive Emson Auctioneers, says despite the ongoing national uncertainty surrounding Brexit, 2019 has proved that property remains an excellent investment.

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“As we approach our final sale of the year, we can reflect on continued good results for the company. Our pre-Christmas sale will certainly be serving up some Christmas crackers.”

Highlights of the autumn auction included:

  • A seafront flat with direct sea views in the iconic Art Deco ship-like 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, with planning consent in place for conversion to up to five flats, which sold for £166,000 freehold.
  • A ground floor shop with an upper floor four-bedroom apartment in a terrace in Westgate-on-Sea, Kent, which sold for £230,000 freehold. Part-let, it generates £6,250 per annum.
  • A former Conservative Club in Torquay, with existing planning consent for conversion to three homes, which sold for £165,000.
  • Land with outline planning consent for two homes in the popular River Blackwater sailing location of St Lawrence Bay, Essex, went for £172,000.

The firm holds a regional auction at five locations every six weeks. The eighth and final sale of 2019 will start at 11am at the following venues:

Essex & North and East London – Monday December 9 at the Chelmsford City Racecourse, Chelmsford.

Kent & SE London – Tuesday December 10 at the Clive Emson Conference Centre, Detling, Maidstone, Kent.

Sussex & Surrey – Wednesday December 11 at the Hilton Brighton Metropole, Brighton.

West Country – Thursday December 12 at the St Mellion International Resort, Saltash. 

Hampshire & Isle of Wight – Friday December 13 at the Solent Hotel at Whiteley, near Fareham.

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