A property in Folkestone, Kent, let to an NHS trust, sold at the latest Clive Emson auction for £910,000, a 9.4% yield.
The property, Cherry Tree House (pictured), in Cheriton High Street, Folkestone, is let to the North East London NHS Foundation Trust until 2024 at £85,348 pa, with tenant breaks in 2019 and 2022. It sold for £390,000 above its guide.
The sale instruction came from public sector property adviser Gen2 Property, a company wholly owned by Kent County Council.
Clive Emson raised a total of £28m from its autumn auction series, with a success rate in excess of 70%.
Other highlights from the firm, which works with 850 high street estate agents across Southern England, include:
■ The Brockman Family Centre and Haven House, which neighbours Cherry Tree House, sold for £700,000, £400,000 above guide.
■ A 9.65-acre productive vineyard, including buildings and a shipping container, in the hills of mid Devon between Tiverton and Crediton, sold for £58,000.
■ 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.
■ A site at Wennington, near Rainham, Essex, containing fire-damaged properties but with planning consent already in place for two houses, went under the gavel for £290,000.
The auction was held over five days from 29 October to 2 November at five locations, covering Essex and north and east London, Kent and south-east London, Sussex and Surrey, the West Country, Hampshire and the Isle of Wight.
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