A freehold building in the heart of London’s exclusive Kensington has sold in auction for £1.1 million.
The four-storey terraced property, let at £52,000 per annum (lot 26), was among 137 lots listed across southern England by Clive Emson Auctioneers, regional land and property auctioneers, in the firm’s November catalogue.
More than £15 million was raised for sellers, with “great interest” in many of the lots; 1,400-plus unique bids were received during the auction.
James Emson, Managing Director, said: “Arranged as a retail unit on the ground and lower ground floors, with residential upper parts and a rear workshop, accessed via a private road, the new buyer has got a lot of bricks and mortar here in an upmarket part of the capital city. We look forward to delivering for sellers in our December auction as well.”
A former care home at Molash, near Canterbury, Kent, with planning consent for conversion into residential flats fetched £708,700, which was £208,700 above guide, with 78 bids (lot 22).
In the fishing village of Mousehole, near Penzance in south-west Cornwall, the former Methodist Sunday School sold for £402,000, with 45 bids seeing the guide price exceeded by £77,000 (lot 59).
With planning permission for four houses, land in Epsom, Surrey, just over two miles from Epsom Downs Racecourse, home to the world-famous Derby, went for £425,000 (lot 110).
A vacant four-storey commercial property in the High Street at Colchester, Essex, came in at £188,000 (lot 70) and six acres of equestrian land with stables, a sand school and barns at Staplecross, near Robertsbridge, East Sussex, sold for £252,000 (lot 39).
With live bidding starting 48 hours before, the firm’s next auction – the last of eight this year across southern England – takes place on 13 December. Lot entries close on 20 November.