Flat 3, Stella Maris is a characterful second floor a situated in one of the town's most sought after locations sitting immediately adjacent to the picturesque harbour in a mixed parade of shops, restaurants and bars leading down towards the pier. The property enjoys wonderful views over the inner harbour towards Hillsborough and from the rear over the Bristol Channel and rugged coastline towards Wales in the distance.

The property is ideal as a permanent low maintenance home or alternatively would make a fantastic holiday home/holiday let. Indeed, the property is currently run very successfully as a holiday let by the present owner, advertising through Airbnb and producing a gross annual income of around £19,700 for the 2022/2023 season. There has been excellent growth in the income over the past three full seasons. Ilfracombe is very popular with thousands of visitors through the busy summer months and throughout the year and properties in this specific location are always likely to be a major attraction for those visitors.

The location is truly outstanding with very few residential properties sitting immediately adjacent to the harbour ever being available. The apartment is right in amongst the various shops, restaurants, wine bars and public houses, cafes and art galleries within the sea front area. Damien Hirst's "Verity" statute stands prominently on Ilfracombe pier and has been the catalyst for a great number of visitors to the town over recent years. The high street with its further selection of small independent shops and amenities are again just a short distance away and there are schools for all ages as well as Tesco, Lidl and Co-Op Supermarkets. Immediately opposite the apartment building is a small sandy harbour beach and there are further beaches at Wildersmouth and the famous 'Tunnels' beaches which are accessed via Victorian hand cut tunnels and have a sea water pool at low tide. Both Wildersmouth and the Tunnels are just a short stroll away as is the towns Landmark Theatre.

There is always something to see on a day to day basis as the harbour forms one of Ilfracombe’s main attractions and is the area from which the town built its foundations as a working fishing port and hub for importing coal back in the early Victorian era and then latterly becoming a thriving tourist resort thereafter. The sea front area in particular has seen huge investment in recent years.

North Devon has a huge amount to offer with the fabulous golden sand surfing beaches at Woolacombe, Croyde and Saunton just a short car ride away. The Exmoor National Park is also within easy reach and enjoys some breath-taking scenery and miles and miles of walking. North Devon’s main trading centre, Barnstaple, is approximately 12 miles away and has many of the big name shops. There is also a rail link to Exeter which then connects directly to the major stations in London. The main A361 North Devon Link road also connects from Barnstaple and joins the M5 at junction 27.

The apartment is located on the second floor and is one of five units within the building. The accommodation comprises and bright and light-filled space with the heart of the home being the delightful 27ft long living/dining room and kitchen which has a full height bay window which perfectly frames the outstanding views over the inner harbour and Hillsborough. Within the room there is a feature ornamental fireplace with an ornate marble surround and mantle and plenty of room for a large sofa. The kitchen is fitted with a range of base and wall units and includes an integrated oven, hob and extractor canopy and a fridge. There is a breakfast bar with space for stools providing an area for dining and a feature glass brick wall providing a contemporary feel.

Moving along the hallway, at the rear of the apartment is a double sized bedroom with excellent views from the bed out over the Bristol Channel to the distant Welsh coastline. At the front there is a further single bedroom which is currently set up with bunk beds and enjoys the fabulous views into the harbour. The bathroom has a modern white suite with a shower over the bath.

The apartment benefits from gas fired central heating and there are new sliding sash double glazed windows due to be installed shortly. The apartment is available to purchase fully furnished and equipped ready for immediate occupation.

At the rear of the building there is a large communal sea facing roof terrace which is a superb feature and provides a delightful and sunny sitting area with plenty of space for outdoor furniture and sun loungers. The views stretch directly across the Bristol Channel and rugged coastline and across to Wales in the distance. This area also provides a fabulous vantage point for the many spectacular sunsets throughout the year.

AGENTS NOTE:
The property is leasehold with the balance of a 125 year lease which commenced on 14th February 2007. The freeholder is the current apartment owner who also owns the other four units in the building. There is a ground rent of £50 per annum (for the first 25 years of the lease term, rising to £100 for the following 25 years). The apartment is responsible for a 20% contribution to maintenance of the communal and external areas of the building and the same share of the building insurance policy and any other relevant outgoings. A monthly payment of £50 is levied against each flat to build up a sinking fund. We understand that pets are allowed in the building with written consent from the freeholder (consent not to be unreasonably withheld or withdrawn) and that assured short hold letting and holiday letting are both permitted.
Applicants are advised to proceed from our offices in an easterly direction taking the first left hand turn into Northfield Road. At the bottom of Northfield Road turn right at the traffic lights into Wilder Road. Continue down Wilder Road passing the Landmark Theatre and into St. James Place and past St Phillip & St James Church. At the T Junction at the end of St. James Place turn left and follow the road around to the right and onto The Quay. Continue down the road for approximately 50 metres where Stella Maris will be found on the left hand side.