Residential properties, mixed-use buildings, land and an agricultural barn on the Island are being auctioned in the run-up to Christmas. They are among 149 lots listed across southern England and South Wales by Clive Emson Auctioneers, with the auction ending on 13th December and live bidding 48 hours beforehand. Currently let at £29,220 per annum, plus 1 vacant flat, a freehold investment building at 34 Atherley Road, Shanklin, arranged as 7 flats as a mixture of 1 and 2-bedroom units, is guided at £320,000-£340,000. A landmark former café at 31 Bath Road, Cowes, at the junction of Bath Road, High Street and Watch House Lane, with 3 letting rooms on the 1st and 2nd floors, is guided freehold at £200,000+. Freehold, with vacant possession, a 1-bedroom house, with a loft, is situated at 29 St. Andrews Street, Cowes. With a guide price of £140,000-£160,000, Situated on the outskirts of Newport, a 5-bedroom freehold detached house at 59 Staplers Road has a guide price of £150,000+. Rob Marchant, Island auctioneer, said:
“The substantial house requires a significant programme of upgrading and refurbishment and is considered worthy of the improvements required, beyond which it is considered ideal for owner occupation or, perhaps, addition to an income-producing letting portfolio. “The vacant house has the advantage of off-road parking with space for several vehicles to the front elevation in addition to a garage.”
https://www.youtube.com/watch?v=ZVF11tKD39U&t A freehold residential investment at 5 Beech Road, Newport, a 2-bedroom bungalow, is guided at £95,000+. Rob said:
“We are advised that the property has been let to the same tenant for many years and is occupied under the terms of a Regulated Tenancy. “The property, currently let at £4,160 per annum, is considered ideal for addition to an income-producing portfolio.”
With a guide price of £200,000-£220,000, a 3-bedroom freehold holiday property called Sedum Cottage, at Buckbury Lane, Newport, has “stunning views” across the nearby Pan Country Park. There is an outdoor swimming pool and hot tub which are integrated into the rear decking. Rob said the property is considered ideal for a mix of self-use and holiday rental. A freehold town centre mixed commercial and residential investment at 38 & 38A High Street, Ventnor, has a guide price of £200,000+ and is currently let at £25,299.96 per annum. The residential accommodation requires a programme of upgrading and refurbishment, although each unit is currently let under the terms of an Assured Shorthold Tenancy Agreement. On a 0.17-acre plot, Chale Barn, Chale Street, Chale, Ventnor, has a freehold guide price of £85,000-£95,000. The substantial agricultural barn, with views over open countryside and the English Channel, may have “potential for conversion and/or site redevelopment, subject to all necessary consents being obtainable”. Nearly 4 acres of freehold land opposite Elm Yard, Roud Road, Roud, Ventnor, with stabling and mostly grazing, has a guide price of £115,000-£125,000. 
