A former 4,500sqft car repairs workshop building in Newport has been sold at auction for £236,000 following a bidding war.
The freehold property at 47A Crocker Street, part of which runs behind adjacent residential properties, went for £46,000 above the guide price.
It was among 180 lots listed across southern England and South Wales by Clive Emson Auctioneers.
Rob Marchant, Island auctioneer for the regional land and property auction firm, said:
“There was keen interest, reflected by the 61 bids made and the final one coming in at £236,000. We are not privy to any plans the new owner may or may not have for the premises.”
With pedestrian access via a gate from Egypt Esplanade on the seafront at Cowes, a freehold 0.70-acre parcel of woodland went for £9,500. Lammas woodland is north-west of Baring Road and behind Hawkins Apartments.
With vacant possession, a freehold commercial unit at Retro & New, Avenue Road, Freshwater, fetched £70,000. Joint auctioneers were Scotcher & Co.
The next auction by Clive Emson Auctioneers, the 7th of 8 this year, ends on 1st November, with live bidding starting 48 hours before. Lot entries close on 9th October.
I would hope that the car repair workshop will open again as the same, it will always be in work due to the incompetent drivers on the island always crashing cars