SHANKLIN FLAT GOES UNDER THE HAMMER AND NEWS ON FORMER WORKS DEPOT IN RYDE

A 1-bedroom flat in Shanklin has sold at auction for £80,000, but a large number of other lots failed to go under the hammer. On the ground floor and with off-road parking, Flat 5, 18 North Road is on a 999-year lease from 1988 at a ground rental of £20 per annum. With a courtyard-style garden, the property is said to be in need of ‘upgrading and refurbishment’. Joint agents were Arthur Wheeler. A former council works depot on 0.76 acres of land at Victoria Crescent in Ryde, with planning permission for 5 houses, which had a freehold guide price of £150,000+, sold prior to auction. Joint auctioneers were Scotcher & Co. Both lots were among 165 listed across England in the July auction of Clive Emson Auctioneers. A number of other Island properties failed to sell, but may be listed again in future auctions… Bidding at the next auction by the firm, the 6h of 8 this year, is live from 16th September, concluding 48 hours later. The deadline for lot entries is 27th August, with the catalogue live on 31st August.