An excellent mixed-use freehold investment opportunity comprising a ground floor commercial unit with two self-contained apartments above, positioned in a prominent corner location close to Ilfracombe seafront.
The property occupies a highly visible corner plot with triple aspect windows, facing the western approach to Ilfracombe seafront and within easy walking distance of Tunnels Beach, Wildersmouth Beach, Southern Slopes Pleasure Garden and Runnymede Gardens. The harbour is approximately three-quarters of a mile away. This prime position ensures strong passing trade and continued demand for both commercial and residential accommodation.
Ilfracombe is widely regarded as the “Jewel in the Crown” of the North Devon coastline and continues to attract significant visitor numbers, boosted by attractions such as the Verity statue by Damien Hirst on the pier. With a resident population of around 11,000 and strong seasonal tourism, the town provides an attractive environment for long-term investment. The property lies within a conservation area.
The ground floor commercial premises extend to approximately 764 sq ft and are currently arranged as a wellness centre, with three therapy rooms, reception area, cloakroom and small store. The unit is let on a five-year lease commencing in 2025, producing a rent of £6,300 per annum (£525 per month), providing immediate income security.
The upper floors are accessed via a separate side entrance and comprise a centrally heated one-bedroom apartment on the first floor and a two-bedroom apartment above. Both apartments enjoy attractive views towards the Torrs walk and over the seafront pleasure gardens. Adjoining the shop is a valuable brick-paved parking area providing space for two cars in tandem, enclosed by a fenced boundary.
The apartments are currently utilised as self-contained holiday accommodation, generating strong demand from tourists and wedding guests, but could alternatively be let on residential tenancies, subject to statutory requirements. The upper floors are offered with vacant possession, and furnishings may be available by separate negotiation.
This is a highly appealing investment opportunity offering a combination of secure commercial income and flexible residential rental potential in a prime coastal location.
