Newport's Grays Walk and Wroxall loos in Clive Emson auction

In Newport, a freehold town centre investment of 11 commercial units and the income from ground rents on three flats has a reduced guide price of £750,000 - £800,000.

Generating £94,300 per annum, the properties are at 1-8 Gray's Walk, 59, 60, 61, 61A, 61B Pyle Street and 10 Scarrots Lane.

Working alongside Gully Howard, Clive Emson auctioneer, Rob Marchant, said: "Gray's Walk comprises commercial units and to the rear, 10 Scarrots Lane is arranged as a two-storey café/coffee shop, which also forms part of the title."

Rob said: "In addition, the upper floors include three residential flats, sold under the terms of long leases but with the freeholder the beneficiary of the ground rent.

"The commercial units include a dental surgery, café, electrical retailer and computer repair services.

"The guide price has been reduced by £50,000 for further appeal."

Also in Newport, 144A High Street, Newport, has been recently converted from commercial premises into four apartments and a one-bedroom flat, with a small courtyard.

The building is guided at £470,000 - £500,000.

144A High Street. (Image: Clive Emson.)

Rob said: "The flats are each let on an Assured Shorthold Tenancy, producing a worthwhile income.

"At £500,000, the gross yield would be an attractive 9.24 per cent."

In Crocker Street, shown in the video above, a 4,500 sq ft car repair workshop has a freehold guide price of £180,000-plus.

In Ryde, being sold jointly with Scotcher & Co, a commercial property at 38 High Street, on a 999-year lease from 1853 and let at £5,050 per annum to a charity, has a guide price of £100,000 - £110,000.

Elsewhere more than 21 acres of freehold woodland, known as Cothey Bottom Copse, off Bullen Road, is guided at £85,000-plus.

The Crocker Street property. (Image: Clive Emson.)

Rob said: "We anticipate keen interest, especially from residents whose gardens back on to the woodland."

A three-bedroom, freehold town centre house at 10 Bellevue Road, has a guide price of £200,000-plus, via Hose Rhodes Dickson.

Rob said: "The house requires some upgrading and refurbishment and is considered worthy of the improvements required, beyond which it is considered ideal for owner occupation, an addition to an income-producing letting portfolio or perhaps for use as a weekend retreat, holiday home or for commercial holiday let.”

A double-width former shop unit at 69-71 Regent Street, Shanklin, currently let at £10,000 per annum to a tech company, is guided leasehold at £95,000-plus.

Meanwhile, former public loos at Grove Road, Wroxall, with consent to be converted into an office, workshop or studio, are guided at £30,000-plus, with a 999-year from 1879.

In Ventnor, a two-bedroom freehold house at 21 North Street, has a guide price of £115,000-£125,000.

In Freshwater, former freehold commercial unit, Retro & New on Avenue Road, offers vacant possession and a guide price of £75,000-plus.

Joint auctioneers are Scotcher & Co.

On Cowes seafront, Lammas woodland, off Baring Road and with pedestrian access via a gate from Egypt Esplanade, is a freehold 0.70-acre site and is guided at £10,000-plus.

The auction starts on September 18 and will last 48 hours.