The former Ladbrokes premises in Sandown was among the Isle of Wight lots to go under the hammer at the latest Clive Emson auction.
Previously let at £17,000 per annum, a 2,300 sq ft commercial unit at 55 High Street, Sandown, fetched just £86,000 freehold.
Rob Marchant, regional director and auctioneer, said:
“Occupying a prime High Street location, this vacant commercial unit was last in use as a bookmakers’ premises and is ideally suited to several future commercial uses.
“On the upper floors there are two residential flats, each having been sold under the terms of a long lease, and which contribute to the management and maintenance of the building via a service charge.”
A 2-bedroom cottage near the stricken Leeson Road in Ventnor sold for £49,000.
The freehold terraced property at 64 Leeson Road, Ventnor, was among 173 lots listed across southern England, Yorkshire and Scotland in Clive Emson Auctioneers’ November auction.
Rob said:
“The cottage has been on the market for some while and sold in our latest auction for £49,000.
“The cottage has, for many years, been in use as an income-producing letting investment. The property is nicely presented throughout and ready for immediate occupation, either by an owner-occupier or a tenant.”
Various other properties from the latest auction, including on the Island, are available – https://www.cliveemson.co.uk/properties/unsold-lots-still-available/
Bidding at the next auction, the last of 8 this year by Clive Emson Auctioneers, is live on 9th December and concludes on 11th December.
Lot entries close on 18th November, with the December catalogue live from 22nd November.
It was odds on that Ladbrokes was going to sell.
Last time I did a bet in there, the horse was 10-1
It came in at 3.30
Lol