A former church, damaged cottage, investment flats and development land are among the Isle of Wight lots listed in Clive Emson Auctioneers’ latest sale.
A former church on the Island, is to be auctioned with a guide price of £175,000-plus.
The freehold property over 4 floors at 8 Victoria Street, Ventnor, is among 186 lists listed across England by Clive Emson Auctioneers, with the online auction ending on 26th March. Lot 93
Rob Marchant, the firm’s auctioneer for the Island, said:
“Originally constructed as a furniture repository, the building has for many years been in use as a spiritualist church with meeting rooms and facilities and the advantage of rear pedestrian access towards the Market Street carpark.
“It is considered that the building offers great scope and potential for several future uses, subject to all required consents being obtainable.
“There is a main area of worship, a full range of meeting rooms, a library, kitchen and cloakrooms with WCs throughout.”
Video https://www.cliveemson.co.uk/properties/264/93/
Joint auctioneers are Hose Rhodes Dickson.
A structurally damaged cottage near Ventnor has a guide price of £80,000-plus. Lot 52
Orchard End, Undercliff Drive, Niton, which is detached and has a garage, is described as requiring improvement.
Rob said the freehold property has “some structural damage and has not been lived in for some years”.
He added:
“The property offers scope for owner occupation or perhaps as a weekend retreat or holiday home, subject to any required upgrading and refurbishment that the new owner may wish to undertake.
“A number of other structurally damaged houses in the Ventnor area have sold through us recently, including one in our February auction for £138,000 in a bidding war.”
Video https://www.cliveemson.co.uk/properties/264/52/
Joint auctioneers are Susan Payne Property.
Part-let at £10,500 per annum, a vacant shop and occupied two-bedroom flat at 14 Carisbrooke Road, Newport, are guided freehold at £140,000 – £150,000. Lot 27
Rob said:
“The three-storey freehold building presents an excellent opportunity for those seeking a mixed residential and commercial investment opportunity.
“The ground floor commercial space, which extends almost to the very back of the plot, offers scope and potential for, perhaps, a niche retailer.
“With a separate self-contained access from the inner lobby there is a residential flat above which is let under the terms of an Assured Shorthold Tenancy agreement at a current rental of £875 per calendar month.”
Joint auctioneers are Scotcher & Co.
Situated on the outskirts of Newport, a 2.4-acre parcel of freehold land, with vehicular access from Staplers Road, has a guide price of £50,000-plus. Lot 41
Joint auctioneers are Hose Rhodes Dickson.
With potential for additional development, a freehold commercial investment at 28 High Street, Newport, is guided at £125,000-plus. Lot 87
Let until this May at £15,000 per annum, the 2-storey building is at present let to Blacks, part of the JD Sports PLC, under the terms of a commercial lease.
Rob said:
“It is considered that the building offers scope and potential for further development above the existing premises.
“We are advised by the seller that pre-application advice from the Isle of Wight Council planning department has indicated a favourable response to the creation of a new ground floor retail space conversion of the rear ground floor to form a one-bedroom flat, with five further flats to include studio, one, two, and three-bedroom apartments situated over.”
A half-acre of freehold land in a semi-rural location, on the north side of Nunnery Lane, Newport, with a brick-built barn and vehicular access, is guided at a reduced price of £120,000-plus, having originally been listed at £150,000-plus. Lot 98
Video https://www.cliveemson.co.uk/properties/264/98/
Joint auctioneers are Megan Baker Estate Agents.
Nearly 11 acres of freehold woodland, with planning permission for glamping pods, along with parking, is guided at £250,000-plus. Lot 104
The land, previously used as a Christmas tree farm, is south of Newclose Cricket Ground, Blackwater Road, Newport.
Viewings in arrangement with BCM Wilson Hill.
Just under 0.5 acres of freehold land, with planning permission for two three-bedroom holiday bungalows, has a guide price of £110,000 – £130,000 and is at Ashey Park, Ashey Road, Ryde. Lot 106
Joint auctioneers are Hose Rhodes Dickson.
Let at £44,200 per annum, a former hotel called The Roseglen, at 12 Palmerston Road, Shanklin, is a house in multiple occupation (HMO) licence, with planning permission for conversion into eight apartments and is guided at £300,000 – £330,000. Lot 168
Rob said:
“Roseglen is typical of many former seaside hotels, having previously provided holiday accommodation which is no longer required with people’s changing holiday habits.
“In common with many similar buildings the property now needs to be re-purposed and accordingly, the current owners have obtained an HMO licence from the Isle of Wight Council.
“Six of the former hotel rooms are now let under the terms of Assured Shorthold Tenancy agreements and are producing a worthwhile income.
“Additionally, the current owners have also obtained planning permission for conversion into eight residential flats, which will be ideally suited for addition to an income producing letting portfolio or potentially for re-selling to the local marketplace.
“The new apartments will be a mix of 1 and 2-bedroom units.”
Joint auctioneers are Arthur Wheeler Estate Agents.
Held under the terms of a 99-year lease from March 1970, at a current ground rental of £5 per annum, is Flat 18 Grange Court, 16 Grange Road, Shanklin. Lot 139 The 1-bedroom, second floor flat, with allocated car parking space, has “for many years been in use as an income-producing letting investment and is considered ideal for continued use in this guise”.
Corner Cottage at 55A Regent Street, Shanklin, is on the remainder of a 1,000-year lease, less 12 days, from December 1871 at a current ground rental of “£4 and 10 Shillings per annum”. Lot 145
With private access, the vacant town centre flat, with one bedroom and a small courtyard garden, is guided at £75,000 – £80,000.
Video https://www.cliveemson.co.uk/properties/264/145/
Joint auctioneers are Whitehouse Porter.
A 2-bedroom vacant apartment on the first floor at 16A Atherley Road, Shanklin, has a guide price of £70,000-plus and is on the remainder of a 125-year lease from June 1978 at a current ground rental of £5 per annum. Lot 165
Described as in need of “some upgrading and refurbishment “.
Video https://www.cliveemson.co.uk/properties/264/165/
Joint auctioneers are Whitehouse Porter.
A 2-bedroom flat for over 55s has a guide price of £70,000 – £75,000 is at Flat 5, Coniston Park, 169A Sandown Road, Shanklin. With vacant possession, the lease is from July 2001 to December 3000, with service charges. Lot 174
Video https://www.cliveemson.co.uk/properties/264/174/
Joint auctioneers are Arthur Wheeler Estate Agents.
Let at £16,140 per annum at 21 & 21A Cambridge Road, East Cowes, a pair of freehold flats for investment has a guide price of £160,000 – £170,000. Lot 152
Rob said:
“This semi-detached property is located close to the waterfront with views towards the yachting harbour from the top floor flat.
“The property was converted to form two flats many decades ago and has been in use as an investment, with both flats let for many years and one bedroom in each.”
Let at £8,100 per annum, on a 999-year lease from January 2004, a 1-bedroom flat with parking and a share of the freehold has a guide price of £50,000-plus and is at 1 Newlands Villa Apartments, 2 Royal Crescent, Sandown. Lot 171.
On the remainder of a 850-year lease, from October 1998, with vacant possession, a vacant two-bedroom seafront flat at 11 Napoleons Landing, Esplanade, Sandown. The guide price for the first-floor property, which has a sea-view balcony, along with gated parking, is £165,000 – £175,000. Lot 73
Video https://www.cliveemson.co.uk/properties/264/73/
Joint auctioneers are Wright Estate Agency.
Clive Emson Auctioneers’ online auction ends 26th March, with bidding live from 48 hours beforehand.
