Summary - Lisa's Nutshell 25-27 Pier Street, Ventnor, Isle Of Wight, PO38 PO38 1SX
5 bed 1 bath Mixed Use
**Standout Features:**
- Mixed-use property with two retail shops and four residential flats
- Gross Initial Yield: 8.32% with annual rental income of £38,700
- Prime location in the heart of Ventnor town centre, a short walk to the seafront
- Total area: 277 sq m (2,979 sq ft)
- Well-established nearby amenities including shops, restaurants, and public transport
- Freehold tenure offers long-term investment security
**Potential Concerns:**
- Property is in an area with high crime rates
- Local area has been classified as "very deprived"
This unique corner property at 25-27 Pier Street offers a lucrative investment opportunity in a bustling seaside resort. Featuring two ground-floor retail units with spacious display windows and four residential flats above, this mixed-use building promises not just a solid rental yield but also the potential for capital appreciation. Situated amidst various amenities, from popular dining options to local shops, its prime location guarantees high foot traffic and appeal for tenants.
Each flat is currently tenanted, providing immediate income while the commercial leases add to the allure of diversified revenue streams. While the area presents challenges in terms of crime and socio-economic dynamics, the property's strategic location and solid rental history may attract both investors looking for a reliable source of income and individuals seeking a residential investment with promising rental potential. With its classic Victorian architectural style and future flexibility for potential renovations, don’t miss out on this exceptional opportunity to secure an investment in the heart of Ventnor—properties like this are in demand and may not last long on the market!
High street retail property for sale in 15 High Street, Ventnor, Isle Of Wight, PO38 — £65,000 • 1 bed • 1 bath • 790 ft²
Commercial property for sale in Cross Street, Cowes, PO31 — £320,000 • 1 bed • 1 bath • 722 ft²
2 bedroom apartment for sale in High Street, Ventnor, Isle of Wight, PO38 — £145,000 • 2 bed • 1 bath • 670 ft²
3 bedroom maisonette for sale in Ventnor, Isle of Wight, PO38 — £325,000 • 3 bed • 1 bath
7 bedroom town house for sale in Pier Street, Sandown, PO36 — £550,000 • 7 bed • 2 bath
High street retail property for sale in High Street, Cowes, Isle of Wight, PO31 7RL, PO31 — £900,000 • 1 bed • 1 bath • 2726 ft²
