AUCTION TO GO ONLINE ONLY WITH LIVE STREAM OF ISLAND LOTS UNDER THE HAMMER

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Britain’s largest independent regional firm of land and property auctioneers is inviting remote bids only for its next Isle of Wight auction due to the COVID-19 outbreak.

Clive Emson Land and Property Auctioneers will be live video streaming its March sale, which has 159 lots, online over 5 days from Monday 23rd March to Friday 27th March.

Prospective bidders will be able to bid remotely online, by proxy or telephone instead of attending in person.

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Each sale day – covering different parts of the South – will begin at a later time of 12noon instead of the usual 11:00 starts.

Managing director James Emson said:

“Following recent advice regarding the continuing spread of COVID-19, we will be implementing our plan to live video stream our March auction via the internet only.

“The safety of our clients, customers and staff is of paramount importance to us as is the commercial interests of all those involved. By live streaming our auction, prospective bidders will be able to bid remotely online, by proxy or telephone.

“This is tried and trusted technology which we have been using at auctions for the past eight years. With many venues closing their doors to the public we believe now is the right time for this decision to be made in order to ensure adequate time for all prospective bidders to register for our remote bidding services.”

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Clive Emson’s auction broadcast for the Isle of Wight and Hampshire is on Wednesday 25th March.

Visit https://www.cliveemson.co.uk/blog/remote-bidding-services/ for more details about bidding online, via proxy or on telephone.

Island lots include a light industrial estate, with 8 units and a freehold guide of £350-400,000. Located at Zille Estate, East Street, Ryde, and fully let, the units generate £42,120 per annum between them.

Comprising 5 commercial units in the heart of central Newport, a freehold block of shops in St James Street has an estimate of £290-310,000 and comes with a choice of planning options for residential redevelopment. 2 of the units are occupied by the RSPCA, with a commercial lease of £14,000 per annum. All 5 units are numbered 11, 11A, 11B, 11C and 11D.

Constructed in the 1930s, a detached 3-bedroom bungalow at 32 Castle Hill, Newport, is guided freehold at £170-190,000 and requires “upgrading and refurbishment”.

Located on the outskirts of the village of Nettlestone, a 4-acre copse is guided freehold at £15,000+. Access to Longlands Copse is via a track off Nettlestone Green.

With a revised lower guide price of £90,000-plus is a 4-bedroom mid-terrace house at 1 Fort Street, Sandown.

On the instructions of receivers, Egan House at Madeira Road, Totland Bay, is on the market with Clive Emson. Currently let at £29,480 per annum, the freehold guide price is £450,000-plus and represents a “mixed investment and development opportunity”.

Guided £110-130,000, a 0.44-acre parcel of land at Ashey Park, Ashey Road, Ryde, has consent for 2x 3-bedroom holiday bungalows.

With a prominent position in Shanklin, a 742 sq ft shop at 18 High Street is guided at £50,000-plus and is on a 999-year lease.

 

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