Exeter land for auction offers potential

Parcels of freehold land in Exeter are being offered together at auction with a nil reserve price. (WED MAY 1)

The collection of land and verges are in the Linnett Close and Plassey Close area to the south of Stoke Valley Road.

Of varying shapes and sizes, they are among 149 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

Senior Auction Appraiser Audrey Smith said: “There are a variety of plots including some which may have potential for some form of use, subject to the necessary consents.

“Occasionally we place a nil reserve on lots and let the market dictate the price. Generally, we find that land of this type in residential locations tends to prove popular at auction.”

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Honiton has appeal

Land featuring two barns a wood near Honiton is heading to auction with planning permission for a guesthouse. (WED MAY 1)

The freehold parcel is in a semi-rural location opposite Hembury Close, Broadhembury, on the outskirts of Honiton.

With a freehold guide price of £200,000 plus, it is among 149 lots listed in the latest auction being held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

Senior Auction Appraiser Audrey Smith said: “This is a well located parcel of land extending to 0.45 hectares (1.34 acres).

“It comes to auction with the benefit of change of use planning permission from agriculture to a flexible commercial use, specifically a guesthouse, subject to conditions.

“With its size and location, there is plenty of potential to attract bidders from a range of different sectors.”

* In Exmouth, a recently refurbished property arranged as four flats has a freehold guide of £375,000 plus.

The three-floor investment property in Victoria Road comes to auction fully let with a return of £37,500 per annum.

Audrey said: “We are expecting keen demand from property investors who can see the value in acquiring a well-established rental property already delivering a return.

“The property is located in an area popular with residents and holidaymakers and is within walking distance of the town centre, seafront and railway station.”

Watch the video: https://www.cliveemson.co.uk/properties/249/133/

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In Sidmouth, an extensively refurbished thatched cottage has a freehold guide of £225,00 plus.

The Stables in Sid Road, has two bedrooms and includes such features as exposed timber beams, a vaulted ceiling and bespoke oak staircase.

Audrey said: “This is a rare opportunity to acquire this stunning two-bedroom thatched cottage.

“The Stables has been extensively refurbished to a high standard and features a beautiful open-plan living area.

“It is located on the sought-after eastern side of Sidmouth and is about half a mile level walking distance to the town centre and its range of individual shops, amenities and other facilities, and three-quarters of a mile from the seafront.”

 

The Stables is being auctioned in arrangement with Your Move of Sidmouth.

Watch the video: https://www.cliveemson.co.uk/properties/249/15/

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Five-floor property on offer

A multi-faceted commercial property at the heart of Torquay town centre is set to draw interest at auction. (WED MAY 1)

The property at the top of Union Street, opposite Torbay Town Hall, has a freehold guide price of £175,000 to £200,000.

Arranged over five floors at the front and three to the rear, it includes offices, store rooms and a large garage.

Senior Auction Appraiser Audrey Smith said: “This is an ideal opportunity for those looking for an investment or for builders who may see potential for development of the building, subject to the necessary consents.

“This could include subdivision of the current accommodation into residential flats, with the large garage/workshop/store to the rear being suitable for other uses, subject to all the necessary consents.

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In Paignton, a substantial, mixed-use property in Winner Street has a freehold guide of £60,000 plus.

The end-terrace property’s ground floor is a double-fronted vacant retail unit, previously used as two shops, and its first floor is a flat which is let at £6,240 per year.

Audrey said: “This is a substantial property in a busy part of Paignton.

“It requires complete refurbishment although there is scope for a range of development schemes, subject to the necessary consents.

“It comes to auction with the benefit of the existing let of a flat, meaning the new owner will see an immediate return on their investment.”

The property is being auctioned jointly with Bettesworths of Torquay.

Also in Paignton, a bungalow in Southfield Road has a freehold guide of £150,00 plus. The two bedroom property is on the outskirts of town with views towards the sea.

Watch the video: https://www.cliveemson.co.uk/properties/249/37/

 

Clive Emson Auctioneers holds auctions eight times a year offering specialist advice for auction purposes with offices in Essex, Kent, Sussex, Hampshire and the West Country, selling with skill, speed and efficiency.

Bidding for the current auction, the third of the year, goes live on Monday April 29 and ends on Wednesday May 1.

See https://www.cliveemson.co.uk for more details.