A range of properties and land across the Isle of Wight are to go under the auctioneer’s hammer in the run-up to Christmas.
They are among 131 lots being sold by regional land and property auctioneers Clive Emson.
Nearly an acre of land with lapsed planning and ‘development potential’ is guided freehold at £300,000-plus. The site is at Spithead Business Centre in Lake, adjacent to the recently completed Aldi supermarket.
Rob Marchant, Clive Emson’s Isle of Wight auctioneer, said:
“The site had planning permission for residential redevelopment, as part of a scheme for industrial/business and residential development on a larger site, but we are advised that the residential element has since lapsed.”
In Ventnor, currently fully let at £12,600 per annum, 28 Pier Street is guided freehold at £120,000-130,000 and comprises a cafe on the ground floor and a 2-bedroom maisonette.
A town centre lock-up shop at 21 High Street, Shanklin is guided leasehold at £30,000-plus and a leasehold lock-up shop at 1 Albert Road in Sandown has an estimate of £35,000-40,000.
More than 42 acres of woodland at Grammar’s Common Woodland off Strawberry Lane, Brighstone are also being sold. The guide price is £110,000-120,000.
Currently let at £2,080 per annum, a detached bungalow at 5 Beech Road in Newport is guided as a freehold residential investment at £70,000-75,000.
Rob said:
“The two-bedroom property is presently occupied since the 1960s under the terms of a lifetime tenancy, with a current rental of £40 per week.”
A waterfront commercial unit at Cowes is guided at £115,000-125,000. Unit 3, Number One The Parade, was previously let £15,840 per annum.
Clive Emson’s regional auction takes place at 11:00 on Friday 14th December at the Solent Hotel & Spa, Rookery Avenue, Whiteley, near Portsmouth.
Managing Director James Emson said:
“Our Hallowe’en week auction series was certainly packed with treats as a number of properties achieved well above guide prices and a fantastic selection of excellent buys were snapped up.
“Our vendors and purchasers recognise the worth of property – and also that Clive Emson offers an exceptional service covering all aspects of the market.
“We now look forward to our December auction – the final one of the year, which is always a festive occasion, with a host of Christmas crackers for all tastes and pockets.”
