Standing on half an acre, the property is among 105 lots listed across southern England in the November auction by regional land and property auctioneers Clive Emson.
The building is located at the rear of 53 St Johns Wood Road, Ryde and is held on a 999-year lease from 1871, the year trade unions were legalised and annual bank holidays were created by Parliament.
Rob Marchant, Clive Emson’s Island auctioneer, said:
“We won’t be requiring prospective buyers to stand to attention whilst looking around – it will be more a case of ‘at ease’ during viewings!
“The existing building may be suitable for other uses, including residential conversion with potential for redevelopment of the remainder of the site, subject to planning consents.
“Alternatively, prospective purchasers may wish to consider redeveloping the whole site, again subject to planning permission.”
Buckingham Road Car Park in Ryde is guided freehold at £185,000-195,000, with parking for 20 cars.
Dating back to 1905, when suffragettes held their first public protest in London in the fight for women’s votes, a former schoolhouse in Newport has a freehold estimate of £95,000+.
Braunstone House in Lugley Street has consent for residential conversion.
“This former school house has been vacant for many years and is now offered for sale with planning consent for conversion into two residential apartments, with the benefit of a garden to the rear.”.
Guided at £125-135,000, a two-bedroom leasehold apartment of the fifth floor at Osborne Court, The Parade, Cowes, has stunning views of the Solent.
With a 999-year lease, The Lodge, a ground floor apartment at Osborne Court, is guided at £85,000-90,000.
“The flat, with its own private entrance and a small terrace fronting on to The Parade, with the Royal London Yacht Club next door and Cowes Marina in full view, is in need of some upgrading and refurbishment.
“It is considered an ideal bolthole or use for crew accommodation.”
The auction timers end on Wednesday 3rd November 2021.
Don’t miss another story! Get the Island’s latest news delivered straight to your inbox. Sign up to our daily newsletter here.