A former church, which pirouetted into a dance studio, is among the lots set to go under the hammer at Clive Emson’s December auction.
be auctioned with a guide price of £105,000 – £115,000.
The Old Parish Rooms building at 18 Grange Road, Shanklin, is among 161 lots, including a dozen on the Island, listed across southern England by Clive Emson Auctioneers.
Currently let at £35,090.78 per annum, Falcon View, 47 Regent Street, Shanklin, has an investment guide price of £320,000 – £340,000. The property comprises 2x 2-bedroom and 2x 1-bedroom flats. Lot 118
More than 3 acres of freehold land, with planning permission for 15 detached bungalows, has a guide price of £995,000+ and is at Summers Court, Totland Bay, Freshwater. Lot 7
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 £150,000-plus. Lot 57
A pair of freehold shops, with planning for 3 flats above, has a guide price of £195,000+ and is at 51 High Street, Newport. Lot 66
On the remainder of a 125-year lease from 2002, a vacant retail unit with a substantial cellar at 31 High Street, Ventnor, is guided at £40,000 – £45,000. Lot 61
On a 999-lease from 2023, a 2-bedroom first-floor flat at Flat 4, 59 Newport Road, Lake, is let at £10,200 per annum and has a guide price of £80,000 – £85,000. Lot 143
With a guide price of £175,000-plus, 73 Dudley Road, Ventnor, is a 4-bedroom freehold house described as requiring improvement. Lot 151
Over 3 storeys, the end-of-terrace property has ‘a splendid sea view from the front elevation over the English Channel, while from the upper floors to the rear there is an attractive view over the town with St Boniface Down beyond’.
Currently let at £24,340.68 per annum a freehold mixed commercial and residential investment at 34 High Street, Ryde, has a guid price of £185,000 – £195,000. Lot 68
Rob Marchant, Clive Emson’s Island auctioneer, says:
“This imposing freehold building is situated in the pedestrianised section of Ryde High Street in a prime commercial location with the front of the ground floor at present let and trading as a barbers.
“To the rear on the ground floor is a residential flat which has been extensively and attractively modernised and is at present let adding additional worthwhile income.
“The upper floors are arranged as a further residential unit (34A) which has been sold under the terms of a long lease.
“Providing a very worthwhile rental yield, the property is considered ideal for addition to an income producing letting portfolio.”
On the remainder of a 179-year lease from 1988, a 2-bedroom flat with sea views, garden and car parking, for investment or occupation, is guided at £110,000-plus and is at 6 Surbiton Court, Surbiton Grove, Ryde. Lot 83
With a guide price of £175,000+, a 3/4-bedroom house at 66 St Johns Road, Ryde, is chalked for improvement and is on a 999-year lease from August 1881 at a current ground rental of £10 per annum. Lot 97
Freehold, with 3 bedrooms, 1 Pelham Road, Cowes, is guided at £170,000 – £190,000 and the corner road house is described as in need of upgrading and refurbishment. Lot 134
The auction concludes on 11th December, with bidding live from 9th December.
