A light industrial estate and development land on the Isle of Wight are to be auctioned on Wednesday 29th July.
They are among 132 lots being sold online by Clive Emson, the regional land and property auctioneers, across England and Wales.
Guided freehold at £330-360,000, Zille Estate, East Street in Ryde comprises units 1, 2, 4, 5, 6, 7, 8 and 10.
Rob Marchant, Clive Emson’s Island auctioneer, said:
“This light industrial site is situated close to the eastern end of Ryde seafront and comprises eight lock-up industrial units which are in use by a variety of smaller local traders.
“Of the original 10 units, two have previously been sold (3 and 9) with the remaining units producing a healthy income. They are considered ideal for addition to an income-producing portfolio.
“The site has vehicular access from both East Street and Monkton Street and includes a ladies and gents toilet block which is used by the occupiers on the site.”
He added:
“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, is guided freehold at £360-390,000, a reduction of up to £60,000 on the previous auction.
Rob said:
“The site benefits from lovely views towards the downs to the north and the English Channel to the south, with planning consent for nine detached dwellings – a mix of bungalows and chalet bungalows.”
Planning permission has also been given for the demolition of an agricultural workers’ bungalow and barn.
Not more houses on the Island.