A structurally damaged cottage on the Island has sold in an auction bidding war for £101,000 – one of several lots to go under the Clive Emson hammer.
The 2-bedroomed Orchard End, at Undercliff Drive in Niton, was among 186 lists listed across England by Clive Emson Auctioneers, with the online auction concluding on Thursday.
The freehold detached property, with a garage, went for £21,000 above guide price.
A 2-bedroom vacant apartment on the first floor at 16A Atherley Road, Shanklin, fetched £71,000 and is on the remainder of a 125-year lease from June 1978 at a current ground rental of £5 per annum.
Let at £16,140 per annum at 21 & 21A Cambridge Road, East Cowes, a pair of 1-bedroom flats for freehold investment went for £167,000.
Let at £8,100 per annum, on a 999-year lease from January 2004, a 1-bedroom flat with parking and a share of the freehold sold for £73,000 in a bidding war, with 46 bids and the final one coming in at £23,000 above guide price. The property is 1 Newlands Villa Apartments, 2 Royal Crescent, Sandown.
On the remainder of an 850-year lease, from October 1998, with vacant possession, a vacant 2-bedroom seafront flat at 11 Napoleons Landing, Esplanade, Sandown. The first-floor property, which has a sea-view balcony, along with gated parking, fetched £165,000.
Postponed, the sale of a freehold commercial investment at 28 High Street, Newport, which was guided at £125,000+. Let until the end of this May at £15,000 per annum, the two-storey building is at present let to Blacks, part of JD Sports Plc, under the terms of a commercial lease.
Clive Emson Auctioneers’ next online auction concludes on 7th May, with bidding live from 48 hours beforehand. Lot entries close on 13th April, with the catalogue online from 16th April.
Re-available:
Freehold, a former spiritualist church over 4 floors at 8 Victoria Street, Ventnor, is available at £170,000+.
Part-let at £10,500 per annum, a vacant freehold shop and occupied 2-bedroom flat at 14 Carisbrooke Road, Newport, is available at £149,000.
Situated on the outskirts of Newport, a 2.4-acre parcel of freehold land, with vehicular access from Staplers Road, is available at £48,000+.
Also listed was half an 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. It is available at £120,000.
Nearly 11 acres of freehold woodland, with planning permission for glamping pods, along with parking, is available at £225,000. Previously used as a Christmas tree farm, the land is south of Newclose Cricket Ground, Blackwater Road, Newport.
Just under 0.5 acres of freehold land, with planning permission for 2x 3-bedroom holiday bungalows, is available at £120,000 and is at Ashey Park, Ashey Road, Ryde.
Let at £44,200 per annum, a former hotel called The Roseglen, at 12 Palmerston Road, Shanklin, with a house in multiple occupation licence, was guided at £300,000 – £330,000. There is planning permission for conversion into 8 apartments.
Held under the terms of a 99-year lease from March 1970, at a current ground rental of £5 per annum, is Flat 18 Grange Court, 16 Grange Road, Shanklin; the 1-bedroom, second floor flat has allocated car parking space and is available at £58,000.
Corner Cottage at 55A Regent Street, Shanklin, is on the remainder of a 1,000-year lease, less 12 days, from December 1871 at a current ground rental of “£4 and 10 Shillings per annum”. With private access, the vacant town centre flat, with 1-bedroom and a small courtyard garden, is available at £78,000.
A 2-bedroom flat for over 55s is available at £60,000; Flat 5, Coniston Park, 169A Sandown Road, Shanklin, is on a lease from July 2001 to December 3000, with service charges.
Good to see these properties selling, let’s hope crime
improves on the island, sadly it ain’t the once safe island
it used too be.
If I knew 50 years ago how the island would turn out
i would have moved elsewhere, back thosedays we had
very little crime, a much less population and cheaper and
reliable ferries.
Those were the days.
Enjoy your properties.