A total of 14 properties on the Isle of Wight are being auctioned on the day when winter gives way to spring – Thursday 20th March.
They are among 145 lots listed across southern England by Clive Emson Auctioneers in the firm’s second auction of the year, which concludes on the vernal equinox.
One of the local lots is a seafront pub with stunning views – Chine Inn at Chine Hill, Shanklin, has a freehold guide price of £450,000+.
Rob Marchant, regional director and auctioneer at Clive Emson Auctioneers, said:
“The famous Chine Inn, closed for some time now, has a splendid elevated location overlooking Shanklin Chine, with the seafront and English Channel beyond.
“The extensive public house on the ground floor would appear ideal for the addition of a food offering and indeed, a former commercial kitchen exists to the rear of the building which we understand has not been in use for some time.
“A mix of internal and external seating areas offer scope and potential as a real tourist magnet, with the building occupying a position on the edge of the coastal path.
“On the first floor there is extensive owner/staff accommodation, which has undergone a partial upgrade and refurbishment but these works require completion.”
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Currently let at £6,500 per annum, plus a vacant 2-bedroom flat, a mixed investment at 37 High Street, Shanklin, is guided at £150,000+ and joint auctioneers are Arthur Wheeler. The freehold building comprises a ground floor retail premises, on a commercial lease, with the first floor flat having 2 bedrooms and independent access from the High Street.
Chalked for upgrading and refurbishment, a freehold detached chalet-style house at 1 Alresford Road, Shanklin, has a guide price of £150,000-£170,000; there are 3 bedrooms, with off-road parking.
Nearly 3 acres of freehold woodland, with a steel-framed barn and extended static caravan, have a guide price of £150,000+. The location is Lucketts Copse Barn, Main Road, Bouldnor, Yarmouth.
Originally built as a chapel, a 2-storey offices premises at 42 Quay Street, Newport, has a freehold guide price of £170,000-£190,000.
Freehold with vacant possession, a former health centre with extensive parking, at 15-16 West Street, Newport, is guided at £220,000-£240,000.
Currently let at £48,469.96 per annum, a freehold block of nine one-bedroom flats at 11 Leed Street, Sandown, is guided at £370,000 – £390,000.
Rob said:
“This splendid Victorian building, with a courtyard-style rear garden and parking on the front forecourt for several vehicles, was originally constructed as a vicarage for the long-demolished adjacent church.
“The current owners have held the building for 45 years, during which time they have done their level best to maintain standards and make improvements, which is reflected in the relatively high C rating on the EPCs for the apartments.”
Vacant, a detached 2-bedroom bungalow called High Bank, at Denness Path, Lake, Sandown, has a guide price of £220,000-£230,000.
With a guide price of £280,000 – £300,000, a freehold building at 34 Union Street, Ryde, is currently let at £29,640 per annum. The property comprises 4 self-contained flats on the upper floors, all let under Assured Shorthold Tenancy agreements, and a chemist shop on the ground floor.
Guided at £220,000 – £240,000, a freehold former hotel at 70 St Johns Road, Ryde, now arranged as two large maisonettes, has come back to auction.
The vacant property was originally built as the Terminus Hotel by the London, Brighton & South Coast Railway Company to support the adjoining railway station before residential conversion in more recent times.
Rob said:
“The upper maisonette has been vacant for some years, while the lower maisonette enjoys an unusual and quirky twist with the inclusion of the space beneath one of the railway arches incorporated into the accommodation and which we are advised was once arranged as a gymnasium.
“While in need of significant upgrading and refurbishment, it is considered that the building is worthy of the works required, beyond which there is scope and potential for a splendid single-family dwelling or for conversion into residential units, subject to all necessary consents being obtainable.
“The building enjoys the benefit of rear pedestrian and vehicular access via Monkton Street.”
On the remainder of a 125-year lease from 2009, at a current ground rental of £200 per annum, is a 2-bedroom flat with allocated parking. Flat 10, 32 Oak Vale, Oakfield, Ryde, with allocated parking, has a guide price of £70,000+.
A semi-detached house at 45 Ocean View, Ventnor, described as having structural issues, is guided at £95,000+. With 3 bedrooms, the property has attractive sea views from the first floor.
On a 950-year lease from 1923, a semi-detached house with 2 bedrooms, at 56 Albert Street, Ventnor, is guided at £150,000+.
Detached, 3-bedroom bungalow Glenhurst, at Hunts Road, St Lawrence, Ventnor, has a guide price of £30,000+. The freehold property, with extensive accommodation, is described as having suffered structural movement.
Online bidding for the auction commences on 18th March at https://www.cliveemson.co.uk/ and concludes 48 hours later.
About time the dump at St Johns Road Ryde was
spruced up.
The Chine Inn is a bargain, hope it sells well.
The late owner Bill would be pleased.