Lot 80 Freehold Town Centre House Commercial Investment And Car ParkAuction Date:
18th September 2025
23, 24 & 25 Newport Street, Ryde, Isle Of Wight, PO33 2QD
Key Features
An unusual opportunity to acquire as a single Lot, a detached four-bedroom house, detached commercial investment and a town centre car park in the heart of Ryde. The house (23) has been let to a local Housing Association for many years and at the end of the tenancy term was redecorated and restored to the condition it was in at the beginning of the rental agreement.
The adjoining commercial building is let at £5,720 per annum, under the terms of a five-year commercial lease while the car park at present provides parking for both the house and the commercial unit.
While the car parking undoubtedly offers scope/potential for redevelopment we are advised by the seller that the owners of the landlocked parcel of land to the rear of the site have previously enquired as to the possibility of purchasing the car park individually or purchasing access rights, therefore, this may be an additional avenue that the new owners may wish to pursue.
The Lot occupies a site of 0.04 hectares (0.11 acres) and prospective purchasers may prefer to consider a scheme for full site redevelopment at the end of the existing commercial lease, subject to all necessary consents being obtainable.
23 Newport Street
Ground Floor
Entrance hall, living room, dining room, kitchen, inner hall and shower room with W.C.
First Floor
Landing, three bedrooms plus a fourth bedroom accessed via bedroom three.
Outside
Courtyard garden to rear.
EPC Rating D
Council Tax Band C
24 Newport Street
Commercial investment arranged over two floors comprising office space, meeting rooms and cloakroom.
Tenancy
Let under the terms of a five-year commercial lease, from 1st February 2023, at a current rental of £5,720 per annum.
EPC Rating
To be confirmed.
25 Newport Street
Arranged as a gravelled car park.
Auctioneer's Note
We are advised by the seller that the hall next door to 23 Newport Street is in the same family ownership and may be available by separate negotiation should the new owner of 23, 24 and 25 Newport Street wish to consider site redevelopment.
Local Planning Authority
Isle of Wight Council. Tel: 01983 823552. Website: iow.gov.uk.
Freehold with Part Vacant Possession
Further Information
Rob Marchant/Mike Marchant
on 01489 564606
Viewings
- Thu 4th September
11:30 - Mon 8th September
11:30 - Thu 11th September
12:00 - Mon 15th September
12:00
The viewing times for the lot are listed below, please make sure you book into the viewing either through the website or phoning 0345 8500333, as on occasions viewing times change or may be cancelled.
Book a new viewing or cancel an existing viewing for this property before 5pm the day before.
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Local Information
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Important
All lots are sold subject to the Common Auction Conditions and Special Conditions of Sale (unless varied by the Sellers Solicitors), together with the Addendum, which will be available on Auction Day.
* Price Information
Guides are provided as an indication of each Seller’s minimum expectation. They are not necessarily figures at which a property will sell for and may change at any time prior to Auction. Unless stated otherwise, each Lot will be offered subject to a reserve (a figure below which the Auctioneer cannot sell the Lot during the Auction).
We expect the reserve will be set within the guide range or no more than 10% above a single figure guide. Please check our website regularly at cliveemson.co.uk, or contact us on 01622 608400, in order to stay fully informed with the up-to-date information.
Additional Fees
An Administration fee and Other non-optional fees may also be payable in addition to the bid price. All lots are offered subject to the Common Auction Conditions and Special Conditions of Sale or Revised Special Conditions of Sale (as applicable) and may include the repayment of search and other fees and or costs payable by the buyer.
All buyers are advised to inspect all available legal documentation prior to bidding and will be deemed to fully understand what they may be liable for if they are successful in purchasing. This should also include Stamp Duty, Land Registry fees and VAT which may become payable on completion in line with any property transaction, whether it is by auction or private treaty. If, as a buyer, you are in doubt you should seek advice from your own professional advisors. For more information on fees please go to Buyers Fees
