14 land and property lots on the Isle of Wight are to be auctioned in May and are among 149 listed across southern England by Clive Emson Auctioneers. The latest auction ends on Wednesday 1st May, with bidding live 48 hours before. Rob Marchant, Island auctioneer for the regional land and property auction firm, said:
“Following our March auction, which saw the hammer coming down on three residences on the Island, including one well in excess of guide price, we have 14 local lots for this spring-in-the-step auction.“
Cyprus House, a detached 6-bedroom house “for improvement or development”, is at the end of a driveway accessed off Victoria Avenue, Shanklin. With a freehold guide price of £575,000 – £600,000, the property, with accommodation over four floors, is on 0.59 acres and is comes with vacant possession. Rob said:
“Four of the bedrooms have en-suite facilities and there is access to an attractive terrace from the bedrooms and many reception rooms overlooking the impressive garden. “On the lower level there is a games room, further storage rooms, an additional shower room and a playroom which has the foundations already dug for the installation of a swimming pool under the timber floor which has access to the patio and gardens. “There is ample parking on the driveway at the front with vehicular access available directly into the garden. “The property requires a significant programme of refurbishment but is worthy of such a scheme, after which it could be a splendid family home or weekend retreat. “Alternative uses such as guest house accommodation, holiday home let, rental investment or perhaps site re-development to offer multiple dwellings may be possible, subject to all necessary consents being obtainable.”
https://www.youtube.com/watch?v=lE_-h9mz6-U A freehold mixed used building at 120 High Street, Ryde, has a guide price of £250,000+ and is currently let at £27,850 per annum. Rob said:
“This is a three-storey freehold building arranged as a lock-up retail unit on the ground floor which is trading as a hair and beauty salon and occupied under the terms of a commercial lease. “The first and second floors are occupied by four studio flats which are all let under the terms of assured shorthold tenancy agreements. “With an impressive gross rental yield of just over 11% at the guide price, the property is considered ideal for an addition to an income-producing letting portfolio.”
Rectory Mansion, a historic landmark building on the main road through the centre of Brading, has a guide price of £200,000-£220,000. The commercial investment at 46-48 High Street, with planning permission for partial residential conversion, is arranged as business/retail units let to a number of smaller occupiers. There is planning consent for the upper 2 floors to be converted into residential accommodation, with continued commercial activity on the ground floor. A former branch of Barclays bank, which then served as offices for Jerome & Co Solicitors and has since seen the first floor converted into a long leasehold flat, has a guide price of £90,000+. With a vacant 2,400 sq ft ground floor, the terraced building at 11 High Street, Sandown, is freehold.
Currently let at £43,150 per annum, a town centre investment with consent for 5 additional flats on the “substantial” upper parts has a guide price of £400,000+. The property at 20 and 21 High Street and 22 Anglesea Street, Ryde, comprises 3 commercial premises which are let to WH Smith – in situ since 2000 – and 2 smaller local companies, Crepe Lovers and Good As Gold Beauty. A former council works depot on 0.76 acres of land at Victoria Crescent, Ryde, with planning permission for five houses, has a freehold guide price of £300,000+. https://www.youtube.com/watch?v=zNAvMHviv6c Teddys, Avenue Road, Freshwater, is described as a freehold investment with a guide price of £60,000 – £65,000. The building comprises a ground floor commercial unit with vacant possession and a first floor flat sold on a long lease which is included in the freehold title. Freehold, with vacant possession, a 2-bedroom cottage at 64 Leeson Road, Ventnor, has a guide price of £90,000 – £95,000. Rob said:
“This terraced cottage has, for many years, been in use as an income-producing letting investment. It is considered ideal for continued use in this guise either for traditional letting purposes or a weekend retreat/holiday home. “The property is nicely presented throughout and is considered ready for immediate occupation if required.”
At 2 Kent Road, Ventnor, a 3/4-bedroom town centre house has a freehold guide price of £140,000-plus; Rob said the property, with vacant possession, is considered worthy of the “significant upgrading and refurbishment required”. On a 0.20-acre plot, Chale Barn, Chale Street, Chale, Ventnor, has a freehold guide price of £75,000+. The substantial agricultural barn, with views over open countryside and the English Channel, may have “potential for conversion and/or site redevelopment, subject to all necessary consents being obtainable”. Chalked as a “house for improvement”, Kingfishers in New Road, Porchfield, Newport, has a guide price of £300,000+. https://www.youtube.com/watch?v=9Z8OIRKUD6Y A short distance from the theatre, a freehold row of three lock-up shops occupies a “prominent trading position” at 52, 52A & 52B High Street, Shanklin, and is guided at £60,000+. Rob said:
“Although previously arranged as three lock-up units, 52 and 52A, which are at present vacant, have been inter-connected by a previous tenant to provide a larger single trading unit but could revert to separate smaller lock-ups if required, subject to all required consents being obtainable. “The third unit, 52B, is at present let under the terms of a commercial lease and trading as a barber shop.”
Freehold land on the east side of 9 Woodvale Road, Cowes, on 0.67 acres, has a guide price of £25,000 – £30,000 and is described as “overgrown”.
A 5-bedroom detached house called Camp View, at Rew Street, Gurnard, Cowes, is guided freehold at £260,000 – £280,000, with vacant possession. Rob said:
“Located in a semi-rural position, on the outskirts of Gurnard and Cowes, this property was originally a pair of farm cottages but is now one five-bedroom house. “The property sits within a plot that extends to a third of an acre, with gardens to the side and front. It is considered there is scope to divide the property back into two smaller cottages, if desired (indeed the upstairs accommodation is still split into two), or renovation of the whole to form a substantial family home.”



























































































We need some tranny and woke mix it up a bit then everything will be normal
Vote Labour for the weird and wonderful and all your dreams will ruin life, but the mentally ill are too sick to realise or even care.
Everything massively undervalued to real market value so this is nothing more than click bait to draw in the fools who think they will get it at or near the guide price.
Stop press:
64 Lesson road has wrongly been described as being 0.5 miles as the crow flies from the sea.
Today, it is 04 miles, and, perhaps by the time of the auction, the lucky buyer may be able to fish with and hang line from the living room window.
A joke, but could so easily become fact. No wonder it is to be auctioned. Likely the insurance on all such will cause few locals to buy such properties, so need outsiders who are under pressure to buy, hence the auction listing.
The whole of Ventnor is now prity much worthless, cash buy only, there will be some very cheep houses down that way soon right on the sea
Property in Ventnor is a NO for me, soon you won’t be able to
gain access to them.
I will pass on the Ventnor ones