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Emson raises £19m at most recent sale

Friday 02 August 2019

A former school building in Canterbury was one of the highlights of NAVA Propertymark members, Clive Emson Land and Property Auctioneers summer auction – selling for £850,000 after a bidding war.

A host of builders and developers clambered for the old St Christopher's Independent Day School, which closed last year after nearly 100 years, and drove the price well above guide.

The school was just one of many sales as Clive Emson reported sales of £19 million from the auction and achieved a sale rate of 70 per cent cataloguing 125 lots.

Managing Director James Emson said: “The sale of the former school is a perfect example of how our auction provides the optimum circumstances for both vendor and purchaser to achieve a great deal.

“With such a vast range of properties and land available in one place there is every opportunity for buyers to find that perfect lot – and sellers know that our packed salerooms are conducive to successful outcomes.

“We hope everyone enjoys a wonderful summer and a well-deserved break this August – as our teams continue to work hard to prepare the catalogue for the next sale, beginning on September 9.”

Other highlights of the July auction included:

  • The double-fronted Old Post Office at Porthallow, Cornwall, needing refurbishment/modernisation but just 100 metres from the beach, with a ground floor commercial unit and three-bedroom maisonette, went for £174,000 freehold.
  • The vacant 60-bedroom seafront Esplanade Hotel in Sandown on the Isle of Wight was sold for £750,000 in a bidding war.  The hotel, an amalgam of five Victorian residences, requires significant upgrading and refurbishment.
  • Twelve acres of grazing land in two adjoining parcels on the outskirts of Frant, near Wadhurst, Sussex – let at £6,300 per annum – went under the gavel at £159,000.
  • A detached six-bedroom house needing improvement near Stanford-le-Hope, Essex, once accommodation for adults and children with disabilities, was sold for £388,000 freehold after strong bidding.