Some 20 properties on the Isle of Wight are being auctioned this month.
They are among 186 lots listed across southern England in the October auction by Clive Emson Auctioneers, the seventh of 8 auctions this year.
Rob Marchant, regional director and auctioneer covering the Island, said:
“Our October auction sees yet another large number of lots listed with us on the Island – there is much to choose from for bidders, including income-stream properties.”
Clive Emson Auctioneers’ online auction concludes on 30th October, with bidding live from 48 hours beforehand.
One of the highlights in a freehold block of 8 flats and five lock-up garages for investment, with a guide price of £675,000+; the block at 9 & 9A Partlands Avenue, Ryde, is currently let at £57,800 pa (lot 111).
Let at £24,340.68 pa, a freehold commercial and residential investment at 34 High Street, Ryde, has a guide price of £195,000+ (lot 100).
On the remainder of a 999-year lease from 1973, at a current ground rental of £5 per annum, is Flat 3, Richmond House, 4-5 The Strand, Ryde (lot 103). The 1-bedroom property has a guide price of £70,000 – £75,000.
Guided at £290,000 – £310,000 is a freehold, detached 4-bedroom house with a commercial investment and a car park at 23, 24 & 25 Newport Street, Ryde (lot 110).
Freehold, Whitefield Farm, Ashey Road, Ryde, has 2 bedrooms on the first floor and a bedroom/study on the ground floor (lot 154).
With its own private access to the rear, and use of a shared communal garden, a town centre maisonette with split-level accommodation has a guide price of £70,000 – £80,000. The property at 5 Anglesea Street, Ryde, was recently let as part of an income-producing letting portfolio and, Rob said, is considered ideal for continued use in that guise, or for owner occupation (lot 183).
Currently let at £54,530 pa, a mixed residential and commercial investment at 1-3 St James, 113-113A Pyle Street, 24-24A St James Square, Newport, is guided at £470,000 – £490,000 (lot 28).
Falcon View at 47 Regent Street, Shanklin, comprises 2 flats let at £34,000 pa, with a guide price of £320,000 – £340,000 (lot 41).
Rob said:
“Held under the terms of a 900-year lease at a nominal ground rent, these two two-bedroom and two one-bedroom flats are all at present let under the terms of a two-year transferrable Council contract and producing a very worthwhile rental income.”
Chessell Pottery, Brook Road, Chessell, Yarmouth, is guided at £650,000+ and, all freehold, comprises two cottages and two barns with consent for six two-bedroom holiday cottages, along with a pottery barn and car park which are let commercially at £12,600 pa (lot 44).
A pair of modern purpose-built office units totalling 321 sq m, with scope for subdivision, is guided at £320,000 – £340,000 (lot 49). Unit 7 and Unit 8 are at St Cross Business Park, Newport, leasehold, have communal gardens and 10 car parking spaces.
Let at £10,200 pa, Flat 4, 59 Newport Road, Lake (lot 93), is guided at £85,000 – £95,000. On the first floor, the 2-bedroom property is on a 999-year lease from 1974.
Being sold for retirement is Vanity Fayre, a double-fronted freehold shop with large rear stores at 27 High Street, Sandown (lot 94). Freehold, the property is guided at £85,000 – £95,000.
A former hairdressing salon at 50A New Road, Lake, Sandown, freehold has a guide price of £45,000-plus (lot 20).
On 0.37 acres, a 4-bedroom detached house at 67 Victoria Grove, East Cowes, has a freehold guide price of £100,000-plus (lot 113).
Whitecliff Lodge, Hillway Road, Bembridge, is a detached, 3-bedroom bungalow with a freehold guide price of £240,000 – £260,000 (lot 115).
With a guide price of £30,000+, a freehold workshop/store at the back of 3 Church Street, Ventnor, was originally believed to be a coach house (lot 92).
With sea views, a 4-bedroom end-terrace house at 73 Dudley Road, Ventnor, is guided £180,000 – £200,000 (lot 141).
With structural damage, a detached 3-bedroom bungalow is guided at £30,000+. Glenhurst is at Hunts Road, St. Lawrence, Ventnor (lot 147).
With a guide price of £135,000 – £145,000, a 3-bedroom basement flat at 8 Alexandra Gardens, Ventnor, is held under the terms of a 141-year lease from 1994 (lot 155).
Freehold, a traditional farmhouse with four bedrooms, barns and outbuildings, on a 2.5-acre plot, has a guide price of £495,000, having previously been listed at £500,000 – £550,000. Downers Farm at Chale Street, Chale Green, Ventnor, requires “upgrading and refurbishment” (lot 50).
