LOCAL LOTS TO FEATURE IN CLIVE EMSON’S SPRING AUCTION

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An industrial estate, a block of shops, homes and a copse are among a mix of Island lots being sold in Clive Emson’s Spring auction.

A light industrial estate, with 8 units, has a freehold guide of £350,000-400,000 and is located at Zille Estate, East Street, Ryde. Fully let, the units generate £42,120 per annum between them.

Comprising 5 commercial units in the heart of central Newport, a freehold block of shops in St James Street has an estimate of £290,000-310,000 and comes with a choice of planning options for residential redevelopment. 2 of the units are occupied by the RSPCA, with a commercial lease of £14,000 per annum.

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Constructed in the 1930s, a detached 3-bedroom bungalow at 32 Castle Hill, Newport, is guided freehold at £170,000-190,000 and requires upgrading and refurbishment.

Zille Estate off East Street

Located on the outskirts of the village of Nettlestone, a 4-acre copse is guided freehold at £15,000+. Access to Longlands Copse is via a track off Nettlestone Green.

With a revised lower guide price of £90,000+ is a 4-bedroom mid-terrace house at 1 Fort Street, Sandown.

On the instructions of receivers, Egan House at Madeira Road, Totland Bay, is on the market with Clive Emson. Currently let at £29,480 per annum, the freehold guide price is £450,000+ and represents a mixed investment and development opportunity.

Guided £110,000-130,000, a 0.44-acre parcel of land at Ashey Park, Ashey Road, Ryde, has consent for 2X 3-bedroom holiday bungalows.

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With a prominent position in Shanklin, a 742 sq ft shop at 18 High Street is guided at £50,000-plus and is on a 999-year lease.

Clive Emson’s regional auction takes place at 11:00 at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth, on Wednesday 25th March.

 

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