Summary - Newport Road, Ventnor PO38 1BB
1 bed 1 bath Retail Property (out of town)
Large freehold plot with shop, garage and renovation upside near Ventnor seafront.
Freehold mixed-use building with shop and four-bedroom accommodation
A spacious two-storey freehold with ground-floor retail and upper residential accommodation, offered chain free. The property includes a small shop unit (approx 16 sq m), a four-bedroom flat above, garage/workshop, forecourt parking and an enclosed rear garden. Broadband is fast and mobile signal excellent — useful for rental or commercial use.
This is a renovation-led opportunity aimed at investors or buyers willing to refurbish. The retail unit has Class E use and a low rateable value (£1,100), making it eligible for small business rates relief; residential council tax is Band C. The building requires improvement throughout and some internal reconfiguration (a blocked lounge door and general renovation needs) to realise its full income or residential potential.
Location is practical: out-of-town yet close to Ventnor amenities, schools and bus routes. The surrounding area is described as economically challenged, with many renting workers, which affects typical rental values and tenant demand — useful to factor into income forecasts. Flood risk is none and the property is chain free, which simplifies purchase timing.
Important negatives: the property needs renovation, internal access is currently altered (blocked lounge door), external amenity is limited to a small forecourt and narrow garden, and the local area scores high on deprivation which may affect resale strategy. Investors should allow budget for refurbishment and for converting or upgrading the retail/residential mix if desired.
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