Among the properties going under the hammer is a 5-bedroom house at 12 West Street, Newport and is guided freehold at £115,000-125,000.
Currently let at just under £3,680 per annum, 6 freehold garages at the junction of Quarry Road and Alfred Street, Ryde, standing on a 0.07-acre site, have a £50,000-plus estimate. Meanwhile on the other side of Ryde, a freehold lock-up garage at the back of 19 Spencer Road, Ryde, has an estimate of £14,000-16,000.
Garages are aplenty in March’s auction with a freehold lock-up garage at the back of 57 Broadway, Sandown, currently let at £438 per annum, guided at £5,000-7,000. There is also a freehold lock-up garage to the rear of 7 Moor View, Godshill guided at £5,000-plus. It is currently let at £480 per annum.
Grazing land off Cockleton Lane, Cowes with nearly 15 acres, including small pockets of woodland, has a freehold estimate of £130,000-150,000.
The above are among 134 lots being sold by Clive Emson Auctioneers, 1 of the top 5 land and property auctioneers in the country.
Rob Marchant, Clive Emson’s Isle of Wight auctioneer, said:
“We anticipate strong interest in the Island lots, which offer bidders potential, value and revenue streams.”
Formerly a guest house, and now partially converted into 5 self-contained flats, a town centre building in Shanklin has a guide price of £300,000-plus. Somerville, at 14 St George’s Road, is a virtual freehold as there is a 999-year lease dating from 1869.
With an estimated fully-let income of £4,505 per week during the high season, a Victorian building arranged as 6 holiday lets is guided freehold at £500,000-plus. Summerhill Apartments is located on a 0.24-acre plot at 4 Culver Road, Shanklin.
Currently let at £45,100 per annum, a freehold mix of commercial and residential investment property in Newport is guided at £430-450,000. The 3-storey buildings are at 29, 29A and 29B St James Street, with retailer GAME on the ground floor and a health and beauty provider over the first and second floors, with 2 residential lettings – on Assured Shorthold Tenancy agreements – on the first and second floors.
Woodvale, a detached bungalow at Main Street, Havenstreet, is guided freehold at £160,000-180,000.
Clive Emson’s auction takes place at 11:00 on Friday 22nd March at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth. Full details at www.cliveemson.co.uk/online.