As I mentioned previously, it's a decent location. I've put some vendors there, and people bought stuff. Your neighbour will be the best customer, so provide him with everything you find. Selling with everything, House Decoration and Ship are included. Starting Bid: 250K Bid Increase: Reasonable No Buyout nor Private Offer. Auction will end 10 hours after last bid. Have fun.
It's a nice place. I would keep it myself, but I simply can't. I'm trying to get a Keep and I can't own several houses, for I am only using a single character. I'm not interested in the multi character thing.