4 fishing lakes on the outskirts of Newport have finally been sold through auction. The 15-acre site, off Staplers Road, was acquired prior to auction after the seller was made an ‘exceptional offer’.
A building in a prime high street location in Bembridge sold for £185,000 following months of controversy locally. Its ground floor is let to a longstanding commercial tenant operating as a fishmonger, while to the rear are now closed public conveniences. The first floor is vacant, most recently in use as an office. With a 10-year commercial lease from January 2019, the property at 5-7 High Street currently delivers a rent of £6,500 per annum.
A barn/outbuildings with potential to the rear of 161 High Street, Wootton Bridge, fetched £74,000.
In Ryde, at 8 Vernon Square, the head leasehold interest for 5 residential apartments in a converted Victorian property went for £5,500. The property is held under a 999-year lease from December 1869 with a ground rent of £50 per annum.
Land with lapsed planning for a 3-bedroom detached house, behind 19 Union Street, Ryde, sold freehold for £40,000.
At 23 Clarendon Road, Shanklin, a 2-bedroom house, guided at £95,000 to £100,000, sold post-auction.
Starting at 11:00, the next regional Clive Emson auction takes place on Friday 1st November at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.