Summary - 23, HIGH STREET PO36 8DE
1 bed 1 bath Retail Property (high street)
Seaside mixed-use with holiday‑let potential and redevelopment upside.
Freehold mixed-use building — ground retail plus substantial two-floor flat
Retail area c.62 m² (667 ft²) with 5.4m high-street frontage
Flat c.126 m² (1,356 ft²); entire building c.2,023 ft²
Recently redecorated and newly renovated; façade due repainting
Rear entrance allows separate access for flat and retail
Strong seasonal footfall; potential peak holiday-let income ~£1,000/week
Area classified as deprived with high local crime — affects demand
No private garden; on-street parking only
This three-storey freehold on Sandown High Street combines a ground-floor retail unit with a generous two-floor flat above — a compact, income-focused seaside asset priced at £265,000. The ground floor offers c.62 m² (667 ft²) of retail space with a 5.4m frontage onto a busy pedestrianised high street, while the upper residential accommodation extends to c.126 m² (1,356 ft²). The whole building totals c.2,023 ft², recently redecorated and presented in good order.
The location is a clear strength: high seasonal footfall close to the pier, sandy beaches and multiple attractions, supporting both retail trade and short-term holiday lets. The vendor notes potential peak-season holiday-let income of around £1,000 per week and the flat has rear access so it could be independently let from the shop. A roof terrace off the kitchen is a practical future enhancement.
Buyers should weigh the market benefits against material drawbacks. The area is classified as deprived with a high local crime rate, which can affect long-term rental yields and tenant stability outside peak tourist months. The plot is compact with no private garden and parking is limited to on-street only. The façade is due to be repainted and rateable value for business rates is TBC (2025/26 multiplier noted at 55.5p).
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