Emson’s week of sales brings 81% success

Clive_Emson_James_EmsonClive Emson raised £18.5m from five auctions held on consecutive days from 31 October to 4 November, achieving a success rate of 81%.

There were 161 lots in the auctions held across the south of England, with some selling well above the guide price.

Managing director James Emson said: “Land with planning permission was a popular choice this autumn, with builders looking to stock up, perhaps getting ready for 2017 and the spring markets.

“Grazing land, as always, attracted good interest and there were several lots which offered potential for the future, and are seen by many as a calculated punt.

“Commercial lots, whether vacant or let, also sold well. And garages and ground rents attracted competitive bidding.”

A railway-themed holiday park in Dawlish Warren, Devon, guided at £125,000 to £175,000, was bought by a local businessman for £261,000.

A period office with conversion potential in Faversham, Kent, guided at £110,000-£115,000, sold for £235,000. And a Victorian terraced house in Worthing, West Sussex, in need of complete renovation, was bought for £255,000 off a guide of £125,000-£130,000.

Two terraced houses and a flat close to the seafront in Ramsgate, Kent, which were built by the Admiralty in 1865, sold for between £176,000-218,000 from guide prices of between £90,000 and £140,000.