Summary - 15, HIGH STREET PO38 1RZ
1 bed 1 bath Retail Property (high street)
**Key Features:**
- **Type:** Retail Property (High Street)
- **Size:** 790 sq ft
- **Bedrooms/Bathrooms:** 1 Bed, 1 Bath
- **Leasehold:** 998 years remaining
- **Current Tenant:** Hobby Centre with a lease until 2025 at £4,940 p.a.
- **Location:** Central location on High Street, Ventnor, Isle of Wight
- **Yield:** Attractive gross initial yield of 7.60%
- **Condition:** Traditional Victorian architecture with high ceilings and large bay windows
**Summary:**
Discover a promising investment opportunity on the bustling High Street of Ventnor, Isle of Wight. This Victorian retail space spans 790 sq ft and is currently let to Hobby Centre, ensuring a steady income with a gross yield of 7.60%. The property boasts large windows that allow natural light to flood the interior and enhance visibility for your business, paired with a quaint traditional facade that complements this seaside town's charm.
Perfect for entrepreneurs looking to enter the market, this ground-floor space is easily accessible and benefits from significant foot traffic. With excellent mobile and broadband connectivity, it presents an ideal setting for a diverse range of retail pursuits. While the surrounding area across the postcode has some concerns, including higher crime and deprivation rates, the potential for growth and the allure of a seaside location offer long-term investment promise. Act quickly—this unique chance in a popular tourist destination won’t last long!
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