Lots going under the hammer with Clive Emson Auctioneers

Lots going under the hammer with Clive Emson <i>(Image: Clive Emson Auctioneers)</i>
Lots going under the hammer with Clive Emson (Image: Clive Emson Auctioneers)

Nearly 20 properties on the Island are poised to go under the hammer in June in a milestone auction.

They are among 174 lots listed in the 250th auction by Clive Emson Auctioneers, which held its first auction in December 1989.

Rob Marchant, Island auctioneer, said: “We have sold many properties and plots of land on the Island over the past few decades and it is always a genuine pleasure acting for clients who entrust us to sell their buildings and land in a fast, efficient and transparent manner."

The auction ends on June 12, with bidding live from June 10.

Isle of Wight County Press: St George's Hall in Sandown
Isle of Wight County Press: St George's Hall in Sandown

St George's Hall in Sandown (Image: Clive Emson Auctioneers)

Guided at £300,000-plus is a freehold block of flats at St George’s Hall in George Street, Sandown. The hall, previously a church hall and labour exchange, was converted into four two-bedroom flats.

A freehold town centre building at 95 High Street, Newport, has a guide price of £300,000 to £330,000. The site may have redevelopment potential.

Isle of Wight County Press: 95 High Street, Newport
Isle of Wight County Press: 95 High Street, Newport

95 High Street, Newport (Image: Clive Emson Auctioneers)

Westfield Cottage, a two-bedroom freehold residence in New Road, Porchfield, is guided at £150,000-plus. Upgrading and refurbishment would be needed.

Isle of Wight County Press: Westfield Cottage in Porchfield
Isle of Wight County Press: Westfield Cottage in Porchfield

Westfield Cottage in Porchfield (Image: Clive Emson Auctioneers)

Rookley Methodist Church in Niton Road, has a guide price of £260,000-plus. Freehold, the Victorian-era building was a place of worship since construction in 1859, with planning permission granted in March for conversion into a two-bedroom residence.

Isle of Wight County Press: The former Rookley Methodist Church
Isle of Wight County Press: The former Rookley Methodist Church

The former Rookley Methodist Church (Image: Clive Emson Auctioneers)

With a potential rental income of £10,200 per annum, a vacant first-floor apartment at 28, Riveria Park Apartments, Shore Road, Bonchurch, has a guide price of £120,000-plus. There are two bedrooms and a south-facing balcony.

Let at £6,550 per annum, a commercial investment at 38/38A High Street, Ryde, is guided at £70,000-plus. The ground floor is let to a charity; the flat above was sold, with a current ground rental of £50 per annum.

A former council works depot on 0.76 acres of land at Victoria Crescent, Ryde, with planning permission for five houses, has a freehold guide price of £210,000 to £230,000.

A house at 16 Nelson Street, Ryde, has three storeys and four bedrooms. On a 999-year lease, the property requires “some upgrading and refurbishment” and is guided at £180,000-plus. A two-storey rear extension could be adapted into a self-contained annexe.

With vacant possession, a three-bedroom ground floor flat at Flat 8, Oxford House, 10 Barfield, Ryde, has a shared garden. On a 999-year lease, the guide price is £115,000 to £120,000.

A freehold town centre investment at Avenue Road and Tennyson Road, Freshwater, is guided at £50,000-plus.

Rob said: “In addition, a first-floor flat sold on a 999-year lease from 1986 is included in the freehold title and, to the rear there is a garage, workshop and forecourt area also included.”

Guided at £85,000-plus is freehold town centre building 11-13 High Street, Sandown, originally a Barclays bank.

A freehold row of two/three lock-up shops occupies a “prominent trading position” at 52, 52A and 52B High Street, Shanklin, and is guided at £60,000-plus.

A landmark building at 59 High Street, Shanklin, is guided at £170,000 to £190,000. Freehold, with vacant possession, the property was formerly a restaurant and a tearoom.

A ground floor garden flat has a guide price of £95,000-plus.  The property, with allocated parking and a courtyard-style garden, is Flat 5, 18 North Road, Shanklin.

Half of an original hotel, a six-bedroom house at 23 Atherley Road, Shanklin, is guided at £225,000-plus, freehold.

Freehold, with vacant possession, a three-bedroom semi-detached house at 50 High Street, Shanklin, has a guide price of £135,000 - £145,000. There is a courtyard garden.

Currently let at £43,150 per annum, a town centre investment at Ryde, on a 999-year lease, has a guide price of £300,000 - £330,000. Fronting the pedestrianised High Street, the auction lot comprises three let commercial premises at 20 and 21 High Street and 22 Anglesea Street. Planning permission has been granted for five flats on the “substantial upper parts”.

An end-terrace house, with two bedrooms, at 57 Adelaide Grove, East Cowes, has a guide price of £140,000 to £150,000.

Currently part-let at £2,140 per annum, a freehold commercial property at 134 and 135 High Street, Newport, has a freehold guide price of £270,000 to £290,000. The existing ground floor comprises two retail units.

Some of the properties have joint auctioneers.