RENTAL STREAM: With a guide price of £2m-£2.2m,St Augustines Business Centre at Westgate-on-Sea, Kent (lot 34), generates £210,000 per annum and includes 27 licensed offices and eight individual single-person use office pods. Being sold on a new 999-year lease, it is among 131 lots listed across southern England in Clive Emson Auctioneers’ latest auction starting on 2nd May and ending on 4th May.
A business centre in Kent is among 131 lots listed in Clive Emson Auctioneers’ latest auction which starts on May 2nd and ends on 4th May.
With a guide price of £2m-£2.2m, St Augustines Business Centre at Westgate-on-Sea generates £210,000 per annum (lot 34).
James Emson, Managing Director, said: “The premises are among 33 investment properties in our latest auction – this one has a 10.5% yield at £2m, with vacant spaces and potential for additional income.
“This is a large and attractive period property located on the A28 Canterbury Road, providing good access between Canterbury and the Thanet towns.
“Westgate-on-Sea has its own mainline railway station, as well as a popular seafront and amenities, and Margate is close by with its high-speed train service to London.”
James added: “Property investors continue to look beyond headlines and economic forecasts, aiming for long-term capital growth, steady rental income and decent yields.
“As always with our auctions, there is something to suit all budgets and aspirations.”
Currently let at just under £44,645 per annum is a business centre at Hamble, near Southampton. Eight of the nine office units are occupied. Guide price: £420,000-plus (lot 16).
A four-storey vacant building arranged as three flats in Weston-super-Mare, Somerset, at the attractive stone-fronted Oriel Terrace, is guided at £200-£220,000 (lot 70).
Lot 70
Video: https://www.cliveemson.co.uk/properties/241/70/
Also in the West Country is a former church hall in the North Devon village of Atherington. Guide price: £100,000 (lot 21).
Lot 21
Video: https://www.cliveemson.co.uk/properties/241/21/
Two residential properties in the Cornwall seaside town of Looe, the backdrop to the new BBC TV drama Beyond Paradise, a spin-off from the hit series Death in Paradise set in the Caribbean, are being sold.
Currently let at £19,560 per annum is a detached house with four flats, at £475,000 – £525,000 (lot 49) and a semi-detached, vacant three-storey house at £115,000 – £135,000 (lot 29).
Lot 49
Video: https://www.cliveemson.co.uk/properties/241/29/
Land with a disused quarry, recently used for horses, has a guide price of £35,000-plus and comprises 6.6 acres at Biscovellet, St Austell, Cornwall (lot 28).
A detached cottage and cabin, with 20 acres of woodland, has a guide price of £1.1m-plus and is located at Chelsfield village, Orpington, Kent (lot 59).
Video: https://www.cliveemson.co.uk/properties/241/59/
Also for sale are former public conveniences in the village of Wroxall, on the south-east corner of the Isle of Wight. With planning permission to be converted into an office, studio or workshop, the property is guided at £45-50,000 (lot 8).
Video: https://www.cliveemson.co.uk/properties/241/8/
