A 19th century thatched cottage in Sidmouth, Devon, is to go on the block at Clive Emson’s final auction of the year.
Marino Lodge is among 139 lots listed in the December sale. It is guided at £350,000-plus (lot 99) .
Also listed is a mix of workshop, storage and office facilities in Pudding Lane, Maidstone, Kent. It has a guide price of £150,000-£160,000 (lot 15) and is one of 61 lots – mostly residential – with vacant possession.
Other highlights of the sale include:
- A mixed commercial and residential property in Helston, Cornwall, guided at £110,000-plus and currently let at £6,480 per annum (lot 17).
- A townhouse in Redruth, Cornwall, converted into three flats and let at £15,600 pa with a guide of £210,000-plus (lot 20).
- In River, Kent, a 25-bedroom former care home is being offered with a guide price of £580,000-£620,000 (lot 31).
Of the investment lots, one of the biggest income generators is a property in Dover, Kent. Guided at £500,000-plus, the property has 16 letting rooms and produces £71,660 pa in rent (lot 62).
Managing director James Emson said: “At the guide price, the gross yield is 14.3%, which comfortably beats the UK’s 41-year record high inflation rate of 11.1%.”
More than 320,000 people have been used the auctioneer’s digital bidding platform this year.
Emson said: “Each auction has attracted bidders from more than 10 countries, some of whom are holidaymakers and are happy with the option to compete on a level and transparent platform wherever they are in the world.”
He added: “Without regular feedback and recommendations from bidders we would not have been able to make the necessary improvements to our IT systems and the service we provide. Among suggestions was a proxy bidding facility, which we subsequently implemented earlier in the year and is used by hundreds of buyers.”
The online auction ends on 14 December, with bidding opening 48 hours beforehand.
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