10 West Street, Ventnor

GOING, GOING, GONE – 8 ISLAND PROPERTIES GO UNDER THE HAMMER

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8 properties and sites across the Isle of Wight went under the auctioneer’s hammer yesterday (Friday).

The lots were among 130 being sold by Clive Emson, the regional land and property auctioneers, at 5 locations across southern England.

A glass-blowing workshop with sea views sold prior to auction for close to the guide price. Located at Madeira Lane, Freshwater, The Glassworks had a freehold estimate of £300,000+.

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Rob said:

“There was keen interest in the Glassworks, which is presently a commercial site, with the seller happy to accept an offer close to the guide price.

“As previously mentioned, the property has planning consent for demolition and the construction of an individual, contemporary style house with three bedrooms.

“However, we are not privy to any plans the new owner may or not have.”

Meanwhile, 4-and-a-half acres of freehold grazing land adjacent to Hill Farm, Hill Top, Newchurch, guided at £70,000-80,000, also sold prior to the auction. The same can be said for half an acre of freehold land fronting Skinners Lane, Newchurch, which had a £50,000-plus estimate.

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Land at Skinners Lane, Newchurch

Situated on the exclusive West Bay Club development at Norton, Yarmouth, a 2-bedroom holiday apartment called Plimoth, guided leasehold at £10,000-15,000, was another lot to be sold prior to auction. On the same site, a one-bedroom leasehold holiday apartment, called Saltbox 7, went under the hammer for £8,000 from a nil reserve.

A 3-storey building at 10 West Street, Ventnor, sold leasehold for £95,000; it has planning consent for conversion into 3 self-contained 1-bedroom flats.

A town centre building, with planning for conversion to form 4 or 5 flats, located at 7 School Green Road, Freshwater, fetched £166,000 freehold.

A 0.09-acre parcel of land, on the west side of Queens Road in Freshwater, sold at auction for £45,000. The plot is adjacent to Lea Cottage.

Re-available is Horse Sand Fort, 1 of 3 historic sea forts in the Solent. It was guided freehold at £750,000.

Rob said:

“We anticipate buyers coming forward – there is nearly 100,000 sq ft over four levels, with redevelopment potential.”

Starting at 11:00, the next regional Clive Emson auction takes place on Friday 13th December at Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.

 

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