- High Street premises
- Investment opportunity
- Commercial shop plus 4 bedroom flat above which is set over 3 floors
- Currently the upper floors are let
- In need of modernisation throughout
- Would suit as a project for a builder
- Services: All mains connected
Retail Property (High Street) for sale in Devon
High Street premises
Investment opportunity
Commercial shop plus 4 bedroom flat above which is set over 3 floors
Currently the upper floors are let
In need of modernisation throughout
Would suit as a project for a builder
Services: All mains connected
LOCATION
In a busy location to the eastern side of Ilfracombe's High Street with nearby businesses including restaurants, pubs, retail outlets and The Co Op supermarket. The town has a population of around 11,000 inhabitants which is boosted throughout the year with the influx of tourists. In recent years new inward investment to the town has included a new Water Sports Centre at Larkstone Cove. In addition, the world-renowned artist Damien Hirst has given on loan to the town, a large statue called Verity which attracts many day visitors to the area. There are numerous art galleries, lovely beaches, a picturesque harbour and plenty of parks and dramatic coastal scenery.
THE PROPERTY
This is a mid-terraced shop which was previously interlinked on the ground floor as Jeffrey's newsagents, the two shops have since be separated. The shop front requires a new entrance door. Above is a private 4 bedroom flat which is tenanted has its own separate entrance. The property needs modernising and re-decorating throughout.
TENURE
Freehold with the flat let on an assured tenancy agreement at a rental of £525 per calendar month.
THE PROPOSAL
This property is owned by a local charitable trust and is for sale by private treaty with an asking price of £95,000.
AGENTS NOTE
Buyers should satisfy for themselves that the stud partition wall erected on the ground floor complies with current building regulations.
Ground Floor
Shop Area
Separate Access to First Floor
First Floor
Lounge 18'5" x 11'3" (5.61m x 3.43m).
Kitchen 13'1" x 11'4" (4m x 3.45m).
Utility Room 9'8" x 9'4" (2.95m x 2.84m).
Second Floor
Bedroom One 18'9" (5.72m) x 14'1" (4.3m) L-Shaped.
Bathroom
Top Floor
Bedroom 2 10'9" x 9'8" (3.28m x 2.95m).
Bedroom 3 10'9" x 8'7" (3.28m x 2.62m).
Bedroom 4
VAT We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE To be advised.
COUNCIL TAX BAND A - North Devon District Council.
WEBBERS DO NOT JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347 888.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.
www.environment-agency.gov.uk
www.landregistry.gov.uk
www.gov.uk/green-deal-energy-saving-measures
www.homeoffice.gov.uk
www.ukradon.org
www.fensa.org.uk
www.nesltd.co.uk
http://list.english-heritage.org.uk
From our offices in Ilfracombe High Street, turn right and follow the street along passing the Petrol Service Station on the left hand side. Continue along and 81 High Street can be found on the left hand side of the street.
Important information
This is a Freehold property.
Property Ref: 55707_COM230122
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