It was among 135 lots being sold online by Clive Emson, the regional land and property auctioneers, across England and Wales.
Guided freehold at £330,000-360,000, Zille Estate on East Street in Ryde, comprises units 1, 2, 4, 5, 6, 7, 8 and 10.
Rob Marchant, Clive Emson’s Island auctioneer, said:
“We had a bidding war for the Zille Estate, with the final online bid coming in at £66,000 above estimate.”
The light industrial site is situated close to the eastern end of Ryde seafront and comprises 8 lock-up industrial units which are in use by a variety of smaller local traders.
Of the original 10 units, 2 have previously been sold (3 and 9) with the remaining units producing a “healthy income”.
“Each of the units is let under the terms of Licence Agreements offering easy-in and easy-out terms. The larger unit 1 is currently let at a rent of £400 per calendar month, with the remaining seven units all let at £440 per calendar month.”
A 1.4-acre development site at Hunny Hill Farm, Hunny Hill, Brighstone, guided freehold at £360-390,000, is re-available.
Clive Emson’s next online auction closes on Wednesday 23rd September. Lot entries close on Tuesday 1st September, with the online catalogue available on Monday 7th September.