Auction bidders dig deep for quarry offices

A former quarry office in Newlyn proved to be a gold mine at auction when it sold for nearly half a million pounds. (WED MAY 1)

It went for £456,000 when the gavel finally fell – nearly double its freehold guide price of £230,000 plus.

The detached building, known as The Old Quarry Office, was among 150 lots listed in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

In a secluded location off Fore Street, it formerly served Penlee Quarry. It has eight rooms on its ground floor and a large open plan room with a door to a flat roof area on its first floor. Its site extends to about 0.09 hectares (0.23 acres).

Senior Auction Appraiser Katie Semmens said: “There was fierce bidding for this lot before it sold for an incredible £226,000 above its guide.

“It clearly captured the imagination of bidders who were attracted by the exciting opportunity to acquire a commercial building in a secluded, elevated location with good sized grounds and fantastic views over Mount’s Bay.

“Now the new owner has variety of options before them, including the potential for commercial use as well as some form of ‘Grand Designs’ style residential development, all subject to the necessary consents.”

The Old Quarry Office was auctioned jointly with Marshall’s Estate Agents of Penzance.

* In the Redruth area, a semi-detached house with three bedrooms in Glenview, Lanner Green, Lanner, sold for £101,500, comfortably above its freehold guide of £95,000 plus.

Katie said: “The new owner has acquired a property which sits on decent sized grounds with ample parking and a detached garage. 

“They have various options before them, including the creation of a lovely home post-works/re-build or a resale project, subject to the necessary consents.”

Land next to Hillside Road in the village of Carharrack, near Redruth, fetched £12,000 when the hammer fell.

In a residential location, it extends to 0.03 hectares (0.07 acres) including a shed/store. It was listed with a freehold guide of £11,000 plus.

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Liskeard property attracts strong bids at auction

A commercial building in Liskeard town centre has sold at auction for £71,000. (WED MAY 1)

Keen bidding took the final sale price well above its freehold guide price of £40,000 to £50,000.

The property in Fore Street was among 150 lots listed in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers.

It was formerly used as an estate agency and is arranged over three floors including commercial space, kitchen, WC and additional rooms.

Auctioneer David Henwood said: “Bidders were drawn by the potential of this substantial terraced property in the pedestrianised area of Liskeard town centre.

“The new owner may wish to consider sub-division of the property, utilising the two separate front access points in the process, to create a ground floor commercial unit with self-contained residential use on the upper floors. Any works will be subject to the necessary consents.”

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Demand at auction

A mixed-use property in a busy part of Paignton was in demand at auction before selling for £81,000. (WED MAY 1)

The substantial premises in Winner Street were among 150 lots listed in the latest auction held by one of the top five property auctioneers in the UK, Clive Emson Land and Property Auctioneers. The property was listed with a freehold guide price of £60,000 plus.

The end-terrace’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.

Senior auction appraiser Audrey Smith said: “There was keen interest in this mixed-use property in a busy part of Paignton.

“The new owner benefits from an immediate return on their investment from a first floor apartment, which is already let.

“They also have the opportunity to consider a number of options for the ground floor of the property, which requires complete refurbishment.

“Continued retail use is a possibility although there is clear scope for a range of development schemes, subject to the necessary consents.

The property was auctioned jointly with Bettesworths of Torquay.

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.

The next auction, the fourth of eight this year, ends on 12 June, with bidding live 48 hours before. Lot entries close on 20 May, with the catalogue available from 24 May.

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