Auction of Isle of Wight property and land in February

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They are among 135 lots listed across southern England and South Wales by Clive Emson Auctioneers, at an auction due to end on Wednesday, February 7.

Garages in Whitepitt Lane, Newport, for auction. (Image: Deep South Media)

A freehold block of 19 lock-up garages on the Island are up for grabs, with a guide price of between £120,000 and £130,000.

The garages, at the back of 31, Whitepit Lane, Newport, are let at £9,120 per year.

Island auctioneer, Rob Marchant, said: "We anticipate keen interest, as lock-up garages in residential areas are often sought after.

"A short drive from Newport town centre, and approached via Mount Joy, off Whitepit Lane, the site measures 0.13 acres, with the garages laid out in two rows, with a large turning area in between."

The garages are of brick construction, with corrugated roofs and up-and-over doors. They are considered ideal for use by an owner-occupier, or as an investment opportunity.

“There are 19 garages in total, although two are sold on long leasehold interests to the adjoining flats," Rob adds.

A flat in Monkton Street, Ryde, is up for auction (Image: Deep South Media)

A barn in Chale is up for auition (Image: Deep South Media)

"We are informed by the managing agents that garage 16 is currently vacant, and it is believed the remainder may be let.”

Joint auctioneers are Clive Emson and Chinneck Shaw.

Also being auctioned off is Flat 4, 71 Monkton Street, Ryde, with a guide price of between £55,000 and £60,000.

It is on the remainder of a 125-year lease.

"This one-bedroom, self-contained flat, is situated on the second floor of a detached building on Monkton Street, which runs from close to the seafront to the north, and St Johns Railway Station to the south, a short distance from Ryde town centre," Rob explains.

"The flat requires a significant level of upgrading and refurbishment. It is considered worthy of the improvements required, beyond which it could be ideal for owner occupation, or for addition to an income-producing letting portfolio."

Also worth considering on a 0.17-acre plot, is Chale Barn, on Chale Street, which has a freehold guide price of £85,000 to £95,000.

It is described as 'substantial', with views over open countryside and the English Channel, by Clive Emson and BCM.

Rob said the barn may have “potential for conversion and/or site redevelopment, subject to all necessary consents being obtainable”.