The former bus depot in Ventnor is going back up for auction in February, guided at £440,000-480,000.
The freehold site at 22 Pier Street is among 101 lots catalogued in the first online auction of the year by regional land and property auctioneers Clive Emson.
Rob Marchant, Clive Emson’s Island auctioneer, said:
“The long-vacant freehold site was previously listed with us, with a new revised guide price.
“The bus garage has planning consent to be demolished and replaced with an attractive scheme comprising two retail units and 10 two-bedroom flats over three storeys.”
Planning consent includes 6 car parking spaces.
Also going under the hammer is a semi-detached house at 29 Lowtherville Road, Ventnor, guided freehold at £100,000+.
“The house requires a programme of upgrading and refurbishment and is considered very worthy of the improvements required, beyond which it will be ideally suited to resale back into the local marketplace, perhaps for addition to an income-producing letting portfolio or potentially for use by an owner occupier, particularly in view of the scope and potential of the large rear garden.”
Bid timers end on Wednesday 10th February, for the auction, the first of 8 in 2021 by Clive Emson and all being held online.