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.
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.
Think these auctions should be held on the island
I agree, homes and opertunities for island people.
Not properties for mainland investors.