‘GOING, GOING, GONE’ AS ISLAND PROPERTIES GO UNDER THE HAMMER

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A number of Isle of Wight properties and garages were among 134 lots being sold by Clive Emson Auctioneers in Portsmouth today (Friday).

A freehold lock-up garage at the back of 19 Spencer Road in Ryde fetched £21,500, which was £7,500 above estimate. Currently let at £438 per annum, a freehold lock-up garage at the back of 57 Broadway, Sandown also sold and went for £6,000.

To the rear of 7 Moor View in Godshill, a freehold lock-up garage went for £6,500 and is currently let at £480 per annum.

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Woodvale, a detached bungalow at Main Street, Havenstreet, sold freehold for £165,000.

Meanwhile Somerville, at St Georges Road in Shanklin, which is a virtual freehold due to a 999-year lease dating from 1869, sold after auction for close to the guide price of £300,000-plus.

Rob said:

“Work has commenced on the conversion, which now requires completion. The new flats will be a mix of one and two-bedroom units, with car parking to the front and gardens at the back. Once completed, it is considered the flats will be ideal for resale or as an income-producing investment.”

Clive Emson’s next auction takes place at 11:00 on Friday 3rd May at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.

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The views/opinions expressed in these comments are solely those of the author and do not represent those of Island Echo. House rules on commenting must be followed at all times.
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Simone Hardy
Simone Hardy
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Think these auctions should be held on the island

Tim C
Tim C
Offline

I agree, homes and opertunities for island people.
Not properties for mainland investors.

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