Various properties on the Isle of Wight were successfully sold at Clive Emson’s March auction.
Currently let at £48,469.96 per annum, a freehold block of 9x 1-bedroom flats at 11 Leed Street, Sandown, went for £375,000.
Freehold with vacant possession, a former health centre with extensive parking, at 15-16 West Street, Newport, sold for £220,000.
Currently let at £6,500 per annum, plus a vacant 2-bedroom flat, a mixed investment at 37 High Street, Shanklin, fetched £150,000. 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.
Nearly 3 acres of freehold woodland, with a steel-framed barn and extended static caravan, was bought for £140,000. The location is Lucketts Copse Barn, Main Road, Bouldnor, Yarmouth.
A semi-detached house at 45 Ocean View, Ventnor, described as having structural issues, was acquired for £83,000. With three bedrooms, the property “has attractive sea views” from the first floor.
Flat 10, 32 Oak Vale, Oakfield, Ryde, with allocated parking, sold for £69,000 leasehold.
With a guide price of £280,000 – £300,000, a freehold building at 34 Union Street, Ryde, let at £29,640 per annum, sold prior to auction. The property comprises four self-contained flats on the upper floors, all let under Assured Shorthold Tenancy agreements, and a chemist shop on the ground floor.
The auction of a detached, 3-bedroom bungalow, Glenhurst, at Hunts Road, St Lawrence, Ventnor, which had a guide price of £30,000+, has been postponed. The freehold property, with “extensive accommodation”, was described as having suffered structural movement.
Clive Emson Auctioneers’ third auction of 8 this year concludes on 1st May, with bidding live from 48 hours beforehand. Lot entries close on 7th April, with the catalogue online from 10th April.
Re-available is the seafront pub Chine Inn at Chine Hill, Shanklin, which had a freehold guide price of £450,000+.
