Initial price	£230,000
10/01/25	£197,500
Price Change	-14.13%

This property presents an opportunity for investors to acquire a ground floor shop and a two-bedroom first-floor flat on Shanklin High Street. The shop is currently let on a three-year lease from August 2024 at £6,500 per annum, while the flat was most recently rented at £8,340 per annum. The shop has a main shop area, inner shop area, back shop, and rear staff area with a kitchen, store cupboard, shower room, and two stockrooms. The flat features a lounge, two bedrooms, a bathroom, and a kitchen with a Valiant gas-fired boiler providing hot water and central heating. The property benefits from being close to the beach, esplanade, and a long-stay public car park, as well as being within walking distance to the Old Village and Regent Street's shops and amenities. The tenure is freehold (subject to confirmation), and the property is available with all main services available.