If you look for a decent place and a very good value for money, than this is your place. you got a very well equipped place, lovely sea view for morning coffees or chilling while the sun goes down.
Also within 5 minutes you are at the morosini lions fountain, where you got bars and restaurants, shopping for clothes and souvenirs, museums and sights, and so on. Also if you plan to visit the island and you want to do it yourself, 15 - 20 minutes to the main bus station and the ferry port.