A pair of refurbished lock-up retail units offered freehold, previously let and now vacant, providing an attractive town centre investment opportunity with strong re-letting potential. Previous letting levels indicate the potential for a return of almost 15%, with further details available to interested parties.
- Asking Price:
- £49,950
- Turnover:
- Not applicable
- Net Profit:
- Not applicable
Property Information
- Property:
-
Freehold
- Location:
-
Prominently positioned close to the junction of High Street and Northfield Road, directly opposite the town council offices, in a central trading location close to all local amenities. Ilfracombe is a premier holiday destination with a population of approximately 11,000, significantly increased during the summer tourist season.
- Premises Details:
-
Two mid-terraced commercial retail shops offered together as a single freehold investment.
- Size in square feet:
- Retail area approx. 275 sq ft, store room approx. 78 sq ft, staff kitchen area and cloakroomRetail area approx. 140 sq ft, store room approx. 120 sq ft, cloakroom
- Planning Consent:
-
Existing retail use. Buyers should satisfy themselves that their intended use complies with current planning regulations.
Business Operation
- Expansion Potential:
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Potential to re-let both units, achieving an estimated gross rental income of £7,200 per annum when fully occupied.
