8 Island properties and a grazing plot are to go under the auctioneer’s hammer on Valentine’s Day.
They are among 170 lots on sale by regional land and property auctioneers Clive Emson in the first of eight auctions over this year.
Starting at 11:00, the auction takes place on Friday 14th February at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.
One of the catalogue highlights is a 4-bedroom house with an adjoining 2-bedroom cottage, with stunning views of the Solent. Guided freehold at £550,000-560,000, The Mount at Totland Bay sits on a 1.45-acre site with light woodland to formal gardens and lawns.
Largely comprising grazing land, nearly 8.5 acres at Barrack Shute, Niton has a freehold guide price of £75,000+. The site, which overlooks the English Channel from the southern edge, has a water supply and vehicle access.
With a nil reserve, a 1-bedroom leasehold holiday apartment is located at Saltbox B2, West Bay Club, Yarmouth.
A freehold mixed-use property at 7 Cross Street, Ryde, comprising 4 storeys and currently let at £13,920, is guided at £130,000-140,000.
Also in Ryde, at 8 Benett Street, a 3-bedroom semi-detached house is guided freehold at £105,000+ and is chalked “for improvement”.
A 4-bedroom mid-terrace house at 1 Fort Street, Sandown, has a freehold guide price of £100,000+; the property is described as being in “need of a programme of upgrading and refurbishment and is considered very worthy of the improvements required”.
In Ventnor’s town centre, at 2 Pier Street, a 4-storey commercial and residential investment is guided freehold at £140,000-160,000.
Guided freehold at £300,000-plus, at 10-11 High Street, Cowes, is a mixed investment comprising retail space and a pair of 2-bedroom flats.
Last year the firm catalogued a total of 1,071 lots and achieved sales worth £150million from 8 rounds of regional sales, with a sales rate of 80%.
Managing Director James Emson said:
“There is no doubt that 2019 was a challenging year for everyone in the industry for a number of reasons.
“That said, we did particularly well across the board and we are delighted to be entering our fourth decade of trading in good spirits and with great enthusiasm.
“Our longevity is down to my father’s foresight in setting up a unique business 30 years ago as well as our continued ethos of complete transparency, superb customer service and partnership working with property industry specialists.
“We look forward to welcoming back vendors and purchasers for first auction of 2020 in February.”
Let me just shake the magic money tree and get the other half a new home :^)
We were told by a geotechnical surveyor that the garden of the Mount in Totland (top picture) will be in the sea in 10 years and the whole house within 40 years!