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.
- Asking Price:
- £350,000
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
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
