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Good ethics and online bidding puts auctioneer on the right path for 2017

Tuesday 24 January 2017

Britain’s largest independent regional land and property auctioneer Clive Emson has sold land and property worth more than £15 million at its latest sale.

The company catalogued 110 lots and achieved a sale rate of 80% during the December auction.

Managing Director James Emson said: “As we look back at 2016 there can be no doubt that we have been facing challenging and uncertain times.

“However, the Clive Emson work ethic that we provide a quality service to vendors and purchasers has stood us in good stead.

“We are the country’s leading independent regional auctioneer and well-established in the national top five through value and volume of sales.

“Looking ahead to 2017 we will continually strive to improve our business, seeking new ways to benefit our customers and ensuring standards remain high no matter what trading conditions we face.

“Our online auction is going from strength to strength and the old adage that the best place to put your money is in bricks and mortar has never rung truer.”

December highlights included:

  • A substantial part of the former Buckland Hospital in Coombe Valley Road, Dover, sold for more than a million pounds above its guide price at an astonishing auction. It went for a total of £1,450,000. The guide price was £300,000 to £320,000.

Kevin Gilbert, auctioneer, said: “Development potential saw investors and developers compete with each other and push the price incredibly high. It just proves that for the right lot there is a lot of demand.”

  • The former NatWest Bank premises in Heavitree, Exeter, was sold for £222,000 – complete with an ATM cash machine which will be let to NatWest for five years at £3,000 per annum.

  • The grand old South Devon Hotel in Torquay doubled the lower range of its freehold guide price to sell for £710,000 after a bidding war fuelled by a previously held planning consent for 26 care units.

  • The availability of six-week completions helped a first floor flat in Southend shift for £151,000 and a cottage in Colchester sell for £150,000.

  • In Aldershot town centre, a freehold investment property of a commercial premises let to a bookmaker and a two-floor apartment above it went under the gavel in a receivers sale for £281,000 on a guide of £150,000 plus.

  • No lot is too big or too small – a footpath in a semi-rural location at the rear of five cottages near the village of Wadhurst, East Sussex, sold for the princely sum of £20, freehold.