Shop for sale
Property description & features
- Tenure: Freehold
- 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
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.
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.
Rooms
Ground Floor
Shop Area
Separate Access to First Floor
First Floor
Lounge 5.61m x 3.43m
Kitchen 4m x 3.45m
Utility Room 2.95m x 2.84m
Second Floor
Bedroom One 5.72m x 4.3m
Bathroom
Top Floor
Bedroom 2 3.28m x 2.95m
Bedroom 3 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.
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.
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Property reference COM230130. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers - Ilfracombe.
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Broadband availability and predicted speed: obtained from Ofcom on April 13, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on April 13, 2022
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Clear: No bars, no signal predicted
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Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on February 26, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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