A once popular Isle of Wight seafront bar has sold for more than £100,000 over its asking price, at auction.

Kings House, on Sandown High Street, was listed through Clive Emson Auctioneers with a guide price of over £250,000.

It was among 140 lots listed across southern England in the June sale.

From the rear, the former bar overlooks Sandown Esplanade and the English Channel.

Read more: 

Isle of Wight County Press: The former Kings House, Sandown.

Kings House used to be a pub but it has been empty for years.

It was formerly-owned by Phoenix Commercial Property Development (PCPD), which  subsequently sold it.

Now, it could face a bright new future after its freehold sold for £351,017.

Auctioneer Rob Marchant said: "With 55 bids made, the hammer went down on the final one of £351,017, which was £101,017 above the guide price of £250,000-plus, such was the interest.

"Kings House needs a significant level of upgrading and refurbishment and it is considered that the property offers a great deal of scope and potential for a number of potential future uses, subject to all necessary consents being obtainable."

Some conversion work had already been carried out on the building.

Meanwhile, seven acres of freehold land, west of Whippingham Road, East Cowes, was purchased for £186,000 - which was £136,000 above guide price.

A total of 67 bids were made. 

Isle of Wight County Press: Land at Whippingham went for over £100,000.Land at Whippingham went for over £100,000. (Image: Clive Emson.)

Isle of Wight County Press:

Elsewhere, a barn on 8.5 acres of land fetched £348,000.

The Moles Farm site, north of Calbourne Road, Calbourne, has planning consent for conversion into a single dwelling.

In Newport, four-storey semi detached building, 38 St Johns Road, sold for £308,000, which was £58,000 above the guide price.

Meanwhile, detached house, 13 Gills Cliff Road, Ventnor, with English Channel views and consent to be demolished and replaced with six two-bedroom apartments, sold freehold for £270,000.

In Ryde, a former High Street cafe-turned-commercial-investment fetched £98,000,

An end-terrace house at 24 Ocean View Road, Ventnor, sold for £136,000.

  • Clive Emson Auctioneers’ next auction ends on July 26, with bidding live 48 hours beforehand and the catalogue live from July 7.