Wheel deal as cyclopark sells in Clive Emson auction for £1.2m

A cyclopark in Kent sold for £1,213,000 as bidding ramped up at Clive Emson’s first auction of eight this year.

Currently let at £30,600 per annum to Kent County Council, the location at Gravesend went for £733,000 above estimate (lot 33).

James Emson, Managing Director, said: “The interest was phenomenal, with 200 bids made and the final one sprinting in at nearly 65.5% above guide. Our varied selection of lots continues to deliver for buyers and sellers alike.”

The site was among 102 lots listed across southern England with Clive Emson, which works with a network of 850-plus estates agents.

Overlooking the green at Benenden, Kent, a former Victorian-era school fetched £768,000 with 36 bids (lot 51), which was £288,000 above the lower guide price range.

Keeping with education, a former library and school master’s house overlooking the green at Bearsted, Kent, went for £702,000 against (lot 95). There were 159 bids, with the final bid £322,000 above estimate.

Buildings with religious connections also went under the hammer.

They are a Methodist chapel and Sunday school near Helston, Cornwall (lot 66, £159,950), and a former church hall near Uckfield, East Sussex (lot 70, £201,500).

A phone mast at Gravesend, Kent, sold for £115,000 against the guide of £50,000 and is currently let at £9,000 per annum (lot 54).

In Blackheath, London, a lock-up garage – one of a row of four –  fetched £30,000 (lot 69).

Requiring improvement, a two-bedroom mid-terrace cottage on the north coast of Cornwall, in the village of St Agnes, went for £203,600 against the guide of £145,000 (lot 5).

Clive Emson’s have already raised over £18m in sales this year, with the February auction achieving a success rate of over 75%.

The firm’s next auction ends on Wednesday, 23 March; catalogue online from Friday, 4 March.