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A former NatWest business centre on the Isle of Wight is one of several local properties set to go under the auctioneer’s hammer next month.

With more than 12,500 sq ft of space, the 2-storey freehold premises at Riverway, Newport is among 135 lots being sold by regional land and property auctioneers Clive Emson. The former business centre has a guide price of £600,000-650,000.

Rob Marchant, the Island’s auctioneer, said:

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“This is the former NatWest bank branch and business centre, on a 0.73-acre site, with supporting offices, meeting rooms and storage areas.

“We are advised that the building was originally constructed as a furniture factory and showroom, indicating that the site may be suitable for a number of future commercial uses, subject to planning consents.”

Other properties going under the hammer…

• There is planning permission for the conversion of the upper parts of 48 High Street, Newport into 2 flats. The leasehold guide for the upper 2 storeys of the 3-storey building is £70,000-80,000.

• Nearly an acre of freehold land at Chillerton Farm Barns, Chillerton is guided freehold at £10,000+. It includes the estate access road and a parcel of open land to the north of a development of 5 houses.

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• A 7-bedroom house at 10 Old Westminster Lane, Newport has a freehold guide of £200,000-220,000, a drop in price of £30,000. On a good size plot, there are gardens and off-road parking.

• Guided freehold at £300,000+, a ‘substantial and attractive’ Georgian property at 22 George Street, Ryde comprises a 3-bedroom flat and former offices over the upper 2 floors.

22 George Street, Ryde

• A building plot at Fishbourne Lane has planning permission in perpetuity and is guided freehold at £130,000-150,000. The 0.22-acre site has consent for a detached house to be built.

• With 2 bedrooms, a second-floor flat at 3 Northwood Place, Terminus Road, Cowes is guided at £75,000+s. The 199-year lease dates from 1979. The property requires ‘some refurbishment and upgrading’.

Clive Emson’s regional auction takes place at 11:00 on Friday 14th June at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.


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