A selection of property and land across the Isle of Wight is set to go under the hammer at next month’s Clive Emson auction.
A block of 7 flats close to the centre of Ryde is to be sold at auction with a guide price of £400-450,000. Freehold, Calshot House at 1 Belvedere House, is among 108 lots being sold in the final auction of 2019 by regional land and property auctioneers Clive Emson.
With a freehold guide price of £90,000-plus, an end-terrace cottage at 17 Bank Gardens has 2 bedrooms; the cul-de-sac property is a few minutes’ walk from Ryde centre.
Currently let at £8,500 per annum, a 3-storey building at 31 Cross Street, Ryde, next door to the Nationwide Building Society, is guided freehold at £140-160,000; there is an unaffected business trading on the ground floor, with consent for the 2 upper floors to be converted into 2x 1-bedroom flats.
A chalet-style dwelling, for “improvement or site redevelopment in a popular residential location”, is located at Maples Drive, on the outskirts of Bonchurch, Ventnor. The freehold guide price of Arc En Ciel (French for rainbow), which has 2 bedrooms and flexible living accommodation over 2 floors, is £250,000-plus.
Situated at 51 High Street, Shanklin, a 4-storey building with a vacant commercial unit and planning for 2 additional flats has a guide price of £70,000-75,000; the property is a mix of freehold and a 999-year leasehold, with 2 upper flats sold on 125-year leases dating back to 2002.
On a 999-year lease, a vacant 742 sq ft retail premises at 18 High Street, Shanklin, is guided at £65,000-75,000.
Half an acre of land off Wellington Road, opposite Lukely Gardens, Newport, is guided freehold at £15,000-20,000. Lukely Brook runs through the site, which backs on to housing on Carisbrooke Road.
Situated on the north-east corner of a development site (Hawthorn Meadows), a 0.34-acre plot has consent for 7 houses. Guided freehold at £100,000-plus, the land is adjacent Kingston Farmhouse, Beatrice Avenue, East Cowes.
Starting at 11:00, the next regional Clive Emson auction takes place on Friday 13th December at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.
In the previous auction, 8 properties and sites on the Island went under the auctioneer’s hammer.