Saturday, July 20

PSB Auctions: Under the hammer

- May 7, 2018

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Building Plot in Eastbourne steals the show.

Parsons Son & Basley’s May auction, despite the appalling weather, once again proved to be very successful with the ‘star of the show’ this time round being a building plot in Eastbourne that once housed St Luke’s Church before it was demolished during 2007, selling for £402,000, some £27,000 above the lower end of its guide. This was followed very closely in terms of aggressive bidding on a studio flat on Denmark Villas that from a guide of £125,000/£135,000 sold for just over £140,000. Flats in Medina Villas, Palmeira Avenue, Goring Road and Keymer Avenue Peacehaven also sold for exacting prices whilst a single garage in Sackville Road continued the trend of popularity for garages in central locations by selling for no less than £33,000! The last lot of the day, a small parcel of land without planning permission in Bognor Regis sold for £30,000 and was purchased by someone who on the day of the auction was celebrating her birthday!

A single garage in Sackville Road continued the trend of popularity for garages in central locations

Continuing with their new initiative, PS&B started the day with their now traditional charity lot, this time with the benefactors being the deserved and wonderful people at Chestnut Tree House who provide end of life care for terminally ill children and young people.

The prize, a pamper day and afternoon tea for two at the Hilton Hotel on Brighton seafront, as very kindly donated by So Legal Solicitors who are based in Hove and Eastbourne. The charity lot sold for £180, however as Auctioneer Simon Caplin explains, “this amount was very generously topped up by an additional £100 by one of our clients Robbie Raggio, who is a patron, huge supporter and fundraiser of Chestnut Tree House whereupon we are most grateful to Robbie for his generosity. In total we were able to raise £280.00 for our chosen charity.”

Entries for their next auction are now being received.

psandb.co.uk/latest-auction


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