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A former army drill hall on the island sold for £ 248,000 at auction and was among 105 lots listed in the south of England at the auctioneers’ November auction regional lands and properties Clive Emson.
The building, spanning half an acre, is located at the rear of 53 St Johns Wood Road, Ryde and is held by a 999 year lease from 1871, the year unions were legalized and the days annual holidays were created by Parliament.
Clive Emson’s Island auctioneer Rob Marchant said:
“We are not aware of what projects the new owner may or may not have, but we hope that new life will be breathed into the building.
“As mentioned earlier, the existing building may be suitable for other uses, including residential conversion with potential for redevelopment of the rest of the site, subject to planning permission.
“Alternatively, buyers may consider redeveloping the entire site, again subject to planning permission.”
Dating back to 1905, when suffragists staged their first public protest in London to fight for the women’s vote, an old school in Newport was sold freehold for £ 95,000. Braunstone House in Lugley Street has consent for conversion to 2 residential apartments.
A 2 bedroom 5th floor leasehold apartment in Osborne Court, The Parade, Cowes, with stunning views of the Solent, sold for £ 167,000 in a bidding war – the final bid was 42,000 £ more than guide price.
The Lodge, a ground floor studio leasehold in the same building, adjacent to Cowes Marina, also sold for more than estimate; £ 98,000 was paid, which is £ 13,000 above the lower end of the guide price.
The next Clive Emson auction, the last of 8 this year in southern England, will be on December 15; registrations for lots close on November 22 and the catalog is online from November 26.
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