FISHING LAKES HOOK A BUYER AND BEMBRIDGE BUILDING SOLD IN LATEST AUCTION

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A parcel of land in Ryde, a property with outbuildings in Wootton and a High Street building in Bembridge all went under the hammer on Friday.

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.

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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.

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Az-zahra Aziz
Az-zahra Aziz
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So the old Bembridge Parish chamber finally sold then against the will of the majority of the public.

As we see now with Brexit, ‘the people’ have no real ‘say’ in any decision making, as, when they do, it is only listened to with ‘deaf’, already decided ears, UNLESS the publics choice happens to be what those in charge were going to ‘do’ regardless anyway.

I await to see if the revenue from the sale of this beautiful iconic building will be spent, or more likely squandered, on projects that few really want, even less really need, and the ongoing cost of maintaining such white Elephants will, once the £175k pot is no doubt, quickly depleted, will fall upon the villagers to fund through higher precepts for the rest of time.

Now, the ‘only’ income source, apart from tapping the Bembridge homeowners and businesses in the Parish is lost for ever. This large building and the yard at the rear had great potential to be sensitively developed for even greater income taking the pressure off hard pushed struggling householders and so this must be seen as a sad day for Bembridge.

Exchanging money making bricks and mortar for unnecessary, costly, pointless projects, to benefit a handful of minority interest people at best, just to try to justify the sale is of little comfort to most of the villagers who will likely never use any facilities created anyway.

We await the ‘improvements’ to our village life from this windfall with the greatest of interest.

Who purchased the building does anyone know yet?

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