5 empty houses at a cul-de-sac in Niton on the Isle of Wight are among 115 lots being sold by regional land and property auctioneers Clive Emson.
Guided at £600-£650,000, the homes at 1-5 Ivy Close, Newport Road, have been put on the market by joint fixed charge receivers.
Constructed in 2005/6, 3 of the semi-detached properties have 3 bedrooms, with 2 of them of the benefit of a garage with parking in the front, with the other 2 homes having 2 bedrooms each.
Rob Marchant, Clive Emson’s Isle of Wight auctioneer, said:
“We anticipate strong interest from owner occupiers and buy-to-rent investors in the five houses at Ivy Close, which are being offered as one lot.”
Watersway, a residential property arranged as 2 flats with a workshop at The Grove, Ventnor, is guided freehold at £250,000-plus.
Rob said:
“The dwelling offers flexible and versatile accommodation and has been used over recent years as two self-contained flats to suit the family occupiers.
Article continues below this advertisement “There are attractive gardens at the front and a substantial workshop at the side. Subject to planning consent, a new owner could revert to splendid four-bedroom home or continue with the existing guise.”
A waterfront commercial unit at Cowes is also going under the hammer and is guided at £110-115,000, a reduction in the previous auction price. Unit 3, Number One The Parade, was previously let at £15,840 per annum.
With a freehold guide price of £450,000-plus, a mixed commercial and residential investment in Newport’s town centre is also available. The 3-storey property at 29, 29a and 29b St James Street currently generates £45,100 per annum in rent. Commercial occupiers include UK games retailer GAME.
A first-floor flat with 1 bedroom, at 8 Shide Villa, Medina Avenue, Newport, is guided leasehold with vacant possession at £75-80,000.
Clive Emson’s first of 8 auctions for the year takes place at 11:00 on Friday 8th February 2019, at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.
