Clive Emson’s September auction has a record 162 lots, making it the auction house’s biggest sale to date this year.
The catalogue includes 57 vacant residential properties, 52 investment properties, as well as 24 commercial, 17 land and 12 development/conversion opportunities. Prices range from £5,000 to £1.25m.
James Emson, managing director, said: “We have an appealing range of lots listed in the September catalogue, from former fire stations and HMOs to churches and riverside locations.
“With our auctions averaging a healthy 80% sales success rate, it is apparent that buyers are looking to bricks and mortar, and land, to help deliver decent returns and to try to offset the pernicious effects of record-high inflation on cash savings.”
Emson added: “Our July auction received traffic from more than 40 countries, with bids coming in day and night, and so, from a ‘reach’ perspective, online is hard to beat – including the convenience of bidding from home or the office.
“However, we are developing a hybrid system which, when the time is right, will combine the ballroom and online auction worlds so that everyone is catered for. An overwhelming 80% of clients expressed a preference for remote bidding to continue.”
The September sale includes three properties valued at more than £1m. A substantial HMO in Bognor Regis, West Sussex, has a guide price of £1m-plus, and produces nearly £127,000 per annum, equivalent to an inflation-beating yield of 12.7% before annual costs (lot 156).
Kent Fire Rescue & Rescue Service has instructed the sale of four vacant houses with 1.17 acres and development potential in Faversham, guided at £1.2m to £1.25m (lot 153).
Lot 156, an HMO in Bognor Regis which produces nearly £127,000 per annum
Four vacant house with development potential in Faversham (lot 153)
Kent is also selling a former fire station on 1.69 acres at Broadstairs, within the modern Westwood Cross retail and commercial area, with a guide price of £800 to £810,000 (lot 17).
The other £1m-plus lot is a fire-damaged former care facility on a 1.6-acre plot located near the Hampshire coastline at Gosport, Portsmouth (lot 100).
Other highlights include:
17 garages in South Croydon with a guide price of £200-225,000 (lot 88), which produce nearly £21,000 per annum, and nine vacant garages in West Byfleet, Surrey, guided at £125-£135,000 (lot 157);
a parcel of land in Maidstone, Kent, fronting the River Medway, which is guided at £40,000-£42,000 (lot 41, pictured);
a two-storey property with two flats in Stratford, London, currently let at £22,200 per annum, which is guided at £350,000-plus (lot 7);
a former 13,550 sq ft community centre called Welcome Hall in Devonport, Devon. Owned by Plymouth City Council and described as having “redevelopment potential”, the property is guided at £60,000-£80,000 (lot 131);
Chosley Baptist Church, near Wallingford in Oxfordshire, which has residential planning consent and is guided at £350,000-plus (lot 19);
a first-floor flat and garage in Milton Keynes, Buckinghamshire, guided at £140,000-plus (lot 160);
a 1.4-acre plot of land located 3.5 miles from Highclere Castle, where the TV series Downton Abbey was filmed, which is guided at £70,000-£75,000 (lot 73);
a plot of land just under 4.5 acres at a farm in Staplefield, Haywards Heath, West Sussex, which is on the market for the first time in 58 years with a guide price of £75,000-£80,000 (lot 101); and
a residential access road in Colchester, Essex, which is guided at £8,000-£10,000 (lot 30).
Clive Emson’s September auction has a record 162 lots, making it the auction house’s biggest sale to date this year.
The catalogue includes 57 vacant residential properties, 52 investment properties, as well as 24 commercial, 17 land and 12 development/conversion opportunities. Prices range from £5,000 to £1.25m.
James Emson, managing director, said: “We have an appealing range of lots listed in the September catalogue, from former fire stations and HMOs to churches and riverside locations.
“With our auctions averaging a healthy 80% sales success rate, it is apparent that buyers are looking to bricks and mortar, and land, to help deliver decent returns and to try to offset the pernicious effects of record-high inflation on cash savings.”
Emson added: “Our July auction received traffic from more than 40 countries, with bids coming in day and night, and so, from a ‘reach’ perspective, online is hard to beat – including the convenience of bidding from home or the office.
“However, we are developing a hybrid system which, when the time is right, will combine the ballroom and online auction worlds so that everyone is catered for. An overwhelming 80% of clients expressed a preference for remote bidding to continue.”
The September sale includes three properties valued at more than £1m. A substantial HMO in Bognor Regis, West Sussex, has a guide price of £1m-plus, and produces nearly £127,000 per annum, equivalent to an inflation-beating yield of 12.7% before annual costs (lot 156).
Kent Fire Rescue & Rescue Service has instructed the sale of four vacant houses with 1.17 acres and development potential in Faversham, guided at £1.2m to £1.25m (lot 153).
[caption id="attachment_1149887" align="aligncenter" width="600"] Lot 156, an HMO in Bognor Regis which produces nearly £127,000 per annum[/caption]
[caption id="attachment_1149886" align="aligncenter" width="600"] Four vacant house with development potential in Faversham (lot 153)[/caption]
Kent is also selling a former fire station on 1.69 acres at Broadstairs, within the modern Westwood Cross retail and commercial area, with a guide price of £800 to £810,000 (lot 17).
The other £1m-plus lot is a fire-damaged former care facility on a 1.6-acre plot located near the Hampshire coastline at Gosport, Portsmouth (lot 100).
Other highlights include:
17 garages in South Croydon with a guide price of £200-225,000 (lot 88), which produce nearly £21,000 per annum, and nine vacant garages in West Byfleet, Surrey, guided at £125-£135,000 (lot 157);
a parcel of land in Maidstone, Kent, fronting the River Medway, which is guided at £40,000-£42,000 (lot 41, pictured);
a two-storey property with two flats in Stratford, London, currently let at £22,200 per annum, which is guided at £350,000-plus (lot 7);
a former 13,550 sq ft community centre called Welcome Hall in Devonport, Devon. Owned by Plymouth City Council and described as having “redevelopment potential”, the property is guided at £60,000-£80,000 (lot 131);
Chosley Baptist Church, near Wallingford in Oxfordshire, which has residential planning consent and is guided at £350,000-plus (lot 19);
a first-floor flat and garage in Milton Keynes, Buckinghamshire, guided at £140,000-plus (lot 160);
a 1.4-acre plot of land located 3.5 miles from Highclere Castle, where the TV series Downton Abbey was filmed, which is guided at £70,000-£75,000 (lot 73);
a plot of land just under 4.5 acres at a farm in Staplefield, Haywards Heath, West Sussex, which is on the market for the first time in 58 years with a guide price of £75,000-£80,000 (lot 101); and
a residential access road in Colchester, Essex, which is guided at £8,000-£10,000 (lot 30).
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Photos: Clive Emson
