A total of 24 property and land lots on the Isle of Wight are to be auctioned later this month.
They are among 191 lots listed across Southern England in the September auction by Clive Emson Auctioneers – the firm’s largest auction by lot numbers in 13 years.
The online auction ends on Thursday 18th September, with bidding live from 48 hours beforehand.
Rob Marchant, regional director and auctioneer, covering the Isle of Wight, said:
“Our sixth auction this year sees 24 lots listed with us on the Island – there is much to choose from for bidders.”
A freehold block of 7 apartments for investment at West Point, 1 Vernon Square, Ryde, has a guide price of £795,000+ and is let at £62,340 per annum (lot 145).
A traditional farmhouse, which has planning consent for the residential conversion of a barn, is guided at £675,000+ and stands on nearly 18 acres. Freehold, with vacant possession, Whitefield Farm, Ashey Road, Ryde, has 2 bedrooms on the first floor and a bedroom/study on the ground floor (lot 173).
With vacant possession, a 4-storey town centre shop in Ryde, with upper parts, has a freehold guide price of £175,000+ and is at 4 St. Thomas Square, Ryde (lot 114).
On the remainder of a 999-year lease from 1970, 2-bedroom Flat 3, Salsette Court, 30 The Strand, Ryde, has a guide price of £120,000+ (lot 168).
With split-level accommodation and a communal garden, a town centre maisonette has a guide price of £80,000-£90,000 (lot 6). The 1-bedroom vacant property at 5 Anglesea Street, Ryde, is on the remainder of a 999-year lease from 2002 at “a current ground rental of one red rose”. There is a share of the freehold.
A freehold town centre house, commercial investment and car park at 23, 24 and 25 Newport Street, Ryde, is guided at £320,000-£350,000 (lot 80).
Flat 3, 11 Nelson Street, Ryde, with vacant possession and a share of the freehold, has a guide price of £125,000+ (lot 26). The 2-bedroom flat, with a garden to the rear, is on the upper ground floor; held under the terms of a 125-year lease, from March 1989, at a current ground rental of £25 per annum.
A 2-bedroom maisonette at 8 Shepherd Mews, Church Lane, Ryde, is guided at £80,000+ (lot 184). The flat is on the remainder of a 125-year lease from October 1988, at an initial ground rental of £50 per annum, rising to £150 per annum through the term.
Freehold land adjacent 2 Laneside, Field Lane, St Helens, Ryde, “in a popular residential location” and previously an enclosed parcel of former garden, has a guide price of £30,000-£35,000 (lot 12).
Let at £26,520 per annum, a freehold building arranged as three flats at 16 Warwick Street, Ryde, is guided at £230,000-£250,000 (lot 130).
Flat 7, James House, Church Lane, Ryde, has a guide price of £55,000+, a drop of £5,000 from a previous listing. The 1-bedroom apartment, on the top floor and redecorated, is on a 99-year lease from 1989 (lot 160).
Guided at £150,000+, a former hotel at 70 St Johns Road, Ryde, arranged as two large maisonettes (lot 189). The boarded-up freehold property was originally built as the Terminus Hotel by the London, Brighton & South Coast Railway Company to support the adjoining railway station before residential conversion in more recent times.
Rob said:
“After a hiatus, 70 St John’s Road returns to auction at a much-reduced price – some £90,000 lower than previously. It is a fixer-upper and there are a lot of bricks and mortar for the price.”
A detached 4-bedroom house at 69 Gills Cliff Road, Ventnor, with “splendid sea views” and parking, is guided freehold at £245,000+ (lot 85).
Vacant, 2-bedroom Flat 1 at 1-3 Pier Street, Ventnor, is guided at £95,000+, with a “potential rental income of £9,250 per annum”. The flat is on the remainder of a 125-year lease from July 2011 (lot 152).
Let at £19,392 per annum, a freehold block of 3 town centre flats at 147 High Street, Ventnor, has a guide price of £160,000+ (lot 99). Each flat has 1 bedroom and is let under the terms of Assured Shorthold Tenancy Agreements.
Freehold, with vacant possession, a traditional farmhouse, with barns and outbuildings, on a 2.5-acre plot has a guide price of £500,000-£550,000. Downers Farm at Chale Street, Chale Green, Ventnor, requires “improvement” (lot 136).
Freehold with vacant possession – a 2-bedroom terraced house at 30 Clifford Street, Newport (lot 133). With a guide price of £95,000+, Rob said the property has recently been re-roofed, with the benefit of replacement windows, but needs a programme of upgrading and refurbishment, having been occupied for many years by a life tenant.
A seafront pub – Chine Inn at Chine Hill, Shanklin – has a freehold guide price of £350,000-£380,000; the property was listed in a previous auction for £450,000-plus (lot 98).
Guided at £750,000+ is a plot of freehold land with planning permission for 7 detached bungalows. On 0.86 acres, plots 18, 19, 20, 21, 24, 25 and 26 are at Summers Court, Freshwater (lot 48).
Freehold and vacant, The Village Bakery at Avenue Road, Freshwater, is guided at £60,000+ (lot 106).
A freehold building comprising 2 shops, a flat and with “scope for further sub-division” is at 19-21 School Green Road, Freshwater, and guided at £185,000+, a reduction of £60,000 from July’s auction (lot 120).
On a 999-year lease from May 2025, at a peppercorn rent, a lock-up shop at 105-106 High Street, Newport, is guided at £70,000+, a reduction of £20,000 from a previous listing (lot 122).
A 6,500 sq ft freehold town centre building, arranged as office suites over 2 floors and with scope for conversion to residential, subject to planning consent, is at 4-5 St James Street, Newport. Guide price: £180,000+ (lot 70).
A prominent town centre vacant commercial unit in Sandown is guided at £45,000+ (lot 22). Unit 2, 44 Beachfield Road, last in use as a café, is on the remainder of a 999-year lease from 2002.
