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Development Project - Close To Harbour For Sale

Ilfracombe, Devon, UK
Asking Price:
£350,000
Turnover:
Not applicable
Net Profit:
Not applicable

An exciting development opportunity located within a few yards of Ilfracombe Harbour and Pier. The property benefits from residential planning consent and has been stripped back ready for conversion, offering a substantial builder/DIY project with strong potential for private residential use, holiday accommodation, or income generation. The sale is prompted solely by the owner’s other business commitments.

Property Information

Property:

Freehold

Living Accommodation:

Potential for up to six bedrooms:

Six rooms above ground floor suitable for bedroom conversion

Two ground floor rooms with residential planning permission

Approved extension allowing creation of an additional bedroom

Location:

Situated in a busy tourist trading position close to Cove public car parks, and surrounded by public houses, restaurants, and harbour-related attractions. Ilfracombe is North Devon’s largest tourist resort, benefiting from beaches, coastal walks, parklands, a golf course, and the landmark Damien Hirst statue Verity on the pier, which attracts significant visitor numbers.

Premises Details:

Attractive town house with front section retained for residential conversion. Rear section previously sold off for commercial restaurant/café use.

Planning Consent:

Planning approved on 17 May 2023 for:

Conversion of two flats into a single three-bedroom apartment across first, second and third floors

Part change of use of ground floor to residential and Use Class E

Approval for extension to create additional accommodation
Planning reference includes application 79009 (details available via agents).

Business Operation

Expansion Potential:

Significant potential via existing planning consent, including extension and reconfiguration to create a substantial residential dwelling or holiday accommodation with income potential.

Reasons for selling:

Sale due to the owner’s other business commitments elsewhere.

Trading hours:

Not trading – development project