This property presents a versatile investment opportunity located in the charming Old Village of Shanklin. Comprised of two retail units on the ground level and a two-bedroom residential flat above, it is being offered as a single lot with immense potential for future development. Built in 2011 with mixed-use functionality in mind, the layout allows for various possibilities that could cater to changing market demands, pending requisite planning approvals.
The residential flat, accessed through its own private staircase, boasts a modern design with spacious living areas and ample natural light. The open-plan lounge/kitchen/diner features integrated appliances and could benefit from minor updates to enhance its appeal. Both bedrooms are generously sized, while the bathroom is equipped but may require updates to meet contemporary standards.
The commercial units hold significant potential; they can continue as retail spaces or be converted into additional residential units, subject to planning permission. Each retail unit includes essential amenities for operation, yet they may require cosmetic enhancements or structural adjustments based on intended use. With three designated parking spaces and a tranquil location just off the main road, this property is strategically positioned for seasonal trade and offers lifestyle advantages for both investors and owner-occupiers alike.
