Auction stations

It is among 179 lots in the auction being held by Britain’s largest independent regional land and property auctioneer Clive Emson Auctioneers.

The flat at 3 Rutland Court, New Church Road, is being offered at Clive Emson’s Sussex regional sale in Brighton on Wednesday, November 1.

Leasehold guide price for the two-bedroom property is £160,000-plus with vacant possession.

Director and senior auction valuer Sam Kinloch said: “The property is a short distance from the popular Church Road shopping and business area with its excellent range of shops, restaurants, bars and amenities.

“Offered with vacant possession, the flat is considered suitable for either owner-occupation or could be let to provide a good income.”

A vacant lock-up garage at the rear of 34-36 Roman Way, Southwick, Brighton, is being offered with a freehold guide price of £10,000 to £12,000.

Auctioneer Richard Payne said: “It is of concrete construction with an up-and-over door in the middle of a block of seven garages in a private compound accessed by a driveway.”

Garage sale

Garages in Eastbourne are also coming up for auction next month (Nov) as investment opportunities.

Two lots totalling 22 garages are being offered at Clive Emson’s Sussex regional sale in Brighton on Wednesday, November 1.

They are being sold on instructions from Eastbourne Borough Council.

A block of 16 garages at the rear of 10-20 Iden Street has a freehold guide price of £112,000 to £118,000 with part vacant possession.

Director and senior auction valuer Sam Kinloch said: “This is an exciting opportunity to acquire 16 garages – 12 of which are let and generate £7,001 per annum in rent.

“We consider them ideal for continued investment to provide a good income and estimate that fully let they could provide £9,335 a year.”

Also being sold on behalf of the council is a row of six garages adjacent to 51 Kingston Road in the established residential area of Hampden Park – with a freehold guide price of £42,000 to £45,000.

Sam added: “One is let at £583 per annum and the rest are vacant. The garages are considered ideal for future investment with estimated rental being £3,500 a year.”

A four-bedroom maisonette over three floors near the seafront and amenities at 62 Seaside Road, Eastbourne, is being offered for £190,000 to £200,000 leasehold.

Auctioneer Richard Payne said: “This extensively-refurbished end terrace upper floors property is ideal for investment or sub-division

“Planning consent has been granted for conversion into two self-contained flats with a new separate access.

“There is also an attic room which may be suitable for redevelopment or use as an HMO, subject to all the usual consents being obtainable.”

A garage/workshop with conversion potential in the attractive coastal village of East Dean between Eastbourne and Seaford has a freehold guide price of £125,000-plus.

The prominent Forge Garage in Eastbourne Road at the heart of the South Downs is considered ideal for residential conversion or continued commercial use

Twenty acres of pasture land adjacent to Lower Claverham House in Berwick, Polegate, is being offered with a £90,000 to £100,000 freehold guide price.

The parcel of land, let at £1,000 per annum, is between Poundfield Road and Lower Wick Street, just off the A27 Lewes Road close to Chalvington.

Four-storey town centre property with potential

A substantial property with potential in Worthing town centre is also being offered at the auction

The four-storey commercial premises at 8 Chapel Road is being offered jointly with Spratt & Son.

The freehold guide price is £400,000-plus with vacant possession for the property which includes a ground floor retail office and three floors of offices and ancillary space.

Director and senior auction valuer Sam Kinloch said: “Previously trading as an estate agent, the property is conveniently located at the heart of the town centre.

“It has undergone recent refurbishment works and is considered suitable for immediate occupation or could be let to provide a good income.

“Alternatively, the property may be suitable for conversion of the upper parts to provide somewhere in the region of four self-contained flats while retaining the ground floor retail area.”

A two-bedroom flat close to Worthing town centre and the seafront is also up for sale at the auction.

Leasehold guide price for the property just off the main A259 Brighton Road at 3A Selden Lane is £155,000-plus.

Auctioneer Richard Payne said: “This converted attic-style flat occupies the whole of the second floor of this mid-terraced property in a popular residential location.

“It is offered in good order throughout with modern fixtures and fitting and will appeal to owner-occupiers or investors, one let – we estimate the rental value to be £10,800 per annum.”

Village house with extension potential

A three-bedroom house in a village near Pulborough with planning consent for a two-storey extension is also for sale.

The property at 3 Marley Way, Storrington, has a freehold guide price £235,000 to £245,000 with vacant possession.

Auctioneer Richard Payne said: “This three-bedroom, three-storey, semi-detached house has been extensively refurbished and provides an ideal opportunity for investment or owner-occupation.

“Planning consent has been granted for a two-storey side extension, the replacement of all windows and a new hard standing area for parking.”

Storrington village centre’s comprehensive range of amenities are less than a mile away with Pulborough railway station and services to London Victoria within five miles.

Clive Emson catalogued 140 lots and sold land and property worth £18 million at its September sale.

Managing Director James Emson said: “New legislation and constant speculation have done little to dampen the mood throughout Sussex and Surrey with a sale conversion rate just shy of 90 per cent so far this year.

“This year has also, yet again, seen auctions locally and nationally increase their share of the market, proving that the speed and transparency of public auctions is as effective as selling property by private treaty.

“Indeed, many of the fabulous lots we have on offer come from estate agents who value the relationship between both sectors of the industry and how they can complement each other.”

Clive Emson holds eight rounds of auctions each year at five locations from Essex to Cornwall on consecutive days.

The seventh round of Clive Emson’s regional Sussex and Surrey auctions this year takes place at the Hilton Brighton Metropole on Wednesday, November 1 at 11am.

The firm now stages an online auction, complementing the existing live auctions. See www.cliveemson.co.uk/online for details.