Last chance to snap up Isle of Wight properties in online sale

Eight residential and commercial properties on the Isle of Wight will be auctioned this week.

But hurry up, the online auction of regional land and property auctioneers clive emson it ends at 11am tomorrow (Wednesday 21st September) and the deals are heating up now.

Scroll through the image gallery above to see more properties on offer…

They are among 162 lots from the south of England listed by Clive Emson in his September auction, the sixth of eight this year.

Rob Marchant, the firm’s Isle of Wight auctioneer, said: “There’s a good range of properties to suit various budgets.”

24-26 Carisbrooke Road, Newport, Isle of Wight, is up for auction by Clive Emson Auctioneers. Photo: Clive Emson Auctioneers.

  • Currently rented at £42,460 per year, and with a guide price of £400,000 or more, it is a mixed property investment of four floors and two commercial offices located at 24 and 26 Carisbrooke Road, Newport.

Rob said: “This attractive and imposing detached building is situated on the corner of Carisbrooke Road and Drill Hall Road, with the benefit of vehicular access from the rear via Alexandra Lane.

“Occupying a 0.18-acre parcel, including car parking and gardens, the building is currently arranged as a mixed commercial and residential income-generating investment.

“On the ground floor there are two commercial offices, one of which is leased to the Isle of Wight’s leading commercial agency, Scotcher & Co.

“In addition, there are four residential flats, all of which are rented out under the terms of a guaranteed short-term lease.

“The building is producing a very valuable income stream and is considered ideal to add to a portfolio of income-generating investments.”

Joint auctioneers: Chinneck Shaw.

Isle of Wight County Press: 144A High Street, Newport, Isle of Wight, is for sale through Clive Emson Auctioneers.  Photo: Clive Emson Auctioneers.144A High Street, Newport, Isle of Wight, is being auctioned through Clive Emson Auctioneers. Photo: Clive Emson Auctioneers.

  • A freehold investment at 144A High Street, Newport, it has a guide price of 480-520,000 pounds sterling.

Rob said: “Located at the Town Hall end of Newport High Street, this freehold block was recently converted to form four two-bedroom apartments and one one-bedroom apartment, with the benefit of a small garden courtyard to the rear. .

“The flats require some finishing, but the conversion project is largely complete and the flats are considered ideal for adding to an income-generating rental portfolio once the remaining work is complete.”

Isle of Wight County Press: 50-51 Monkton Street, Ryde, Isle of Wight, is up for auction by Clive Emson Auctioneers.  Photo: Clive Emson Auctioneers.50-51 Monkton Street, Ryde, Isle of Wight, is up for auction by Clive Emson Auctioneers. Photo: Clive Emson Auctioneers.

  • Two cottages and a former convenience store at 50 and 51 Monkton Street, Ryde, they are guided freehold from £170,000 to £190,000.

Rob said: “Situated close to Ryde’s St Johns Road railway station, this freehold building will have started life as two closed shop units with flats behind.

“Over the years, the layout was altered, with the store units being combined into a single, larger retail unit that was more recently marketed as a local convenience store.

“The house at the rear has been reconfigured to suit the requirements of the owner at the time.

“The former convenience store in front of the site is a single story building and is considered to have scope and potential for future commercial use or potentially conversion to residential accommodation, subject to all necessary consents being obtained.

“The cottages to the rear are in disrepair but are considered ideal for restoration to once again provide residential accommodation for owner occupancy or to add to an income-generating rental portfolio.”

Joint auctioneers: Rhodes Dickson hose.

  • The Brannons is located on Station Road, Wootton Bridge, it is a freehold building arranged as five residential dwellings on 0.6 acres of land and is targeting £280-300,000.

Rob said three of them bring in £21,480 a year, with two vacancies.

He added: “The Brannons comprises an imposing red brick building that would once have been a splendid family home.

“With a single-story addition to the side, the building was converted many years ago to provide five residential housing units that have been rented out and provide a very valuable income.

“Three of the homes are occupied under the terms of Secured Short-Term Leases, while Floors 1 and 2, which occupy the ground floor of the original building, are currently vacant and in need of an upgrade and remodeling program.

“Once the required work is completed, these units are considered ideal for re-leasing and the entire property continues to provide a worthwhile income stream for a leasing portfolio.

“Alternatively, The Brannons is located on a 0.60-acre parcel, which is considered to have some scope for redevelopment, subject to vacant possession and obtaining all necessary consents.”

Joint auctioneers: Chinneck Shaw.

WATCH a video tour of The Brannons here

  • A two-story town-centre bar at 46 High Street, Ventnor, it has a guide price of 280-300,000 pounds sterling.

Rob said: “This substantial freehold building spread over three floors is situated in the heart of Ventnor town center and has marketed itself as a well known pub with a food offering for many years.

“In addition to the commercial kitchen bar behind, there is a two-bedroom apartment with a roof terrace, on the top floor, which is ideal for an owner’s use or of course for rental potential.

“On the ground floor there is an annex/double bedroom flat that offers accommodation to the owners.

“The property has the benefit of public parking both to the front and rear of the building with Ventnor town centre, which has seen a renaissance in recent years and has seen good levels of tourist influx.

“The beach and promenade are a short walk or drive from the High Street.

“The building is considered ideal for continued use in its current form operated by a tenant as part of an income-generating investment, or by an owner occupant based on housing and income.”

WATCH: A video tour of this Ventnor property

Joint auctioneer: Gully Howard.

  • A three-storey freehold house ‘for improvement’, with an attached two-storey workshop at 12 Arctic Road, Cowes, it has a guide price of £220-240,000.

Rob said: “Both the house and the workshop require significant improvements and refurbishments and are considered worthy of the required upgrades.

“It is envisaged that the workshop could be incorporated into a scheme to extend the dwelling from a single dwelling or perhaps provide a separate stand-alone dwelling or form part of a scheme to create three dwellings on the ground floor, first floor and second floor levels.

“Any such work will, of course, be subject to all necessary consents being obtained.”

SEE a video tour of the Cowes property here

  • A two-storey, three-bedroom apartment at 5 and 7 Wydford House, 23 Bellevue Road, Ryde, It has a lease guide price of over £225,000.

Rob said: “Originally a Victorian gentleman’s residence, Wydford House was converted into apartments with Flat 5 occupying the front section of the first floor and Flat 7 the front section of the second floor, with the added bonus of the observation deck on the roof giving stunning views over the Solent.

“In more recent times, the two floors have been converted into a single large residential dwelling occupying both the first and second floors and offering flexible three-bedroom accommodation. Both floors have kept separate accesses to the community landings.

“The house needs an improvement and renovation program and is considered worthy of the required improvements. These works may include restoration of the original arrangement as two separate floors if necessary and subject to all necessary consents being obtained.

“Accessed from the second floor (Flat 7) there is an observation tower with a small outside space that offers amazing views of Ryde town and the Solent and southern Hampshire.”

click for the LINK TO VIDEO HERE:

  • A wholly-owned shop between the town and the upper parts, at 51 High Street, Newport, with planning permission for conversion has a list price of £300-330,000.

Rob said: “Located off the crossroads in the heart of Newport, the county town of the Isle of Wight, this three storey building was recently occupied by a mobile provider and is now being offered vacancy.

“Separate access to the first floor exists between neighboring The Body Shop and Vodafone retail stores and planning permission has been granted to convert the upper floors into residential accommodation.

“It is felt that, as with many modern town centres, there may be a higher demand for smaller commercial units and accordingly the new owners may seek consent to divide the ground floor commercial space into two smaller commercial units. in what is a prime retail location.”

Joint auctioneers: Wheeler and Lai.

To bid on any of these properties in the online auction, please see:

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