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RAF watchtower sells for well above guide at Clive Emson event

Monday 28th September 2015

Written by Conor Shilling

Clive Emson's September auction raised £18.3 million with a sales success rate of over 80%, the firm has reported. 
 
The highest profile lot was a former watchtower and 9.5 acres of land at one of the RAF's secret wartime bases. 
 
The Grade-II listed landmark at Winkleigh Airfield in Devon carried a freehold guide price of £35,000 to £50,000 – and eventually sold for £122,000 to a local businessman at the West Country auction. 
 
It was among 146 lots offered by Clive Emson Auctioneers in its latest series of sales – the sixth of eight this year – across five venues in Southern England.
 
Other lots that sold well included a three-storey block of 10 offices in Buckhurst Road, Bexhill, which sold for £220,000 freehold at the Sussex and Surrey auction. 
 
Aisthorpe Farm - including three holiday cottages and 32 acres – in Staplers Road, Newport, Isle of Wight, fetched £625,000 freehold in the Hampshire auction. 
 
The former Alma public house in Strood sold at the Kent and South East London auction for £192,000 – more than £40,000 above its guide.
 
At the Essex and North and East London area auction, a convenience store in Compair Crescent, Ipswich, beat its guide price when it went for £126,000, realising a net yield of just over 10%.
 
Managing director James Emson said: “Continued strong sales figures at our September auctions have again shown that property is still the safest haven to gain the best yields and long term capital growth.”
 
The seventh round of Clive Emson Auctioneers' eight regional auctions in 2015 takes place over a week from Monday November 2. Entries close on Monday October 5. 
              

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