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Sales spring into life for Clive Emson Auctioneers

Tuesday 21st April 2015

Written by Conor Shilling

Clive Emson auctioneers brought the hammer down on more than £20m worth of land and property during the firm’s spring round of sales, with an overall success rate of 83.3%. 
 
The firm beat its February figures of £16m raised and an 82% success rate.
 
Highlights of the March auctions included Garden Cottage in Dungeness, Kent, said to feature on the cover of Pink Floyd’s ironically titled album ‘A Collection of Great Dance Songs’, which sold for £215,000 – £55,000 above the guide price.
 
Also, at the Kent auction a former nuclear bunker, near Rochester, fetched £18,000 after being auctioned on the instructions of Medway Council.
 
At the West Country auction, the Duchy of Cornwall’s Prince of Wales and Trewarmett Quarries fetched £81,000 - well above its 999-year leasehold guide of £40,000 to £50,000.
 
Former public loos with sea views at Charlestown, near St Austell, went for £115,000 after a bidding war. The buyer was a local property investor who aims to meet with planners to see what change of use can be achieved.
 
At the Hampshire auction, a residential garage near the railway station in Winchester went for £23,000 leasehold to a private investor. 
 
“We have continued our strong start to the year with our March round of auctions,” said Managing Director of the firm, James Emson. “Our auctioneers have reported some of the busiest rooms for some years as demand sharpens from investors and developers as well as owner-occupiers.”
 
Sam Kinloch, Senior Auction Valuer, added: "Spring was in air for buy-to-let bidders. They may have felt they have a little more spending power following news that Britain's inflation rate fell to zero, which last happened in 1786 and, more recently, in 1934."
 
The third round of Clive Emson Auctioneers' eight regional auctions in 2015 takes place in the week commencing Tuesday May 5, entries closed earlier this month. 
 
              

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