Investment Opportunity In Ilfracombe For Sale

Ilfracombe, Devon, UK

Asking Price:: £95,000

Turnover:: Not applicable

Net Profit:: Not applicable

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.

Property Information

Property:: Freehold

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.