Commercial Property for sale

ILFRACOMBE, Devon

Sold STC £275,000

Property Description

Full description

Tenure: Freehold

An opportunity to purchase a substantial property investment in the centre of Ilfracombe in good order which has been refurbished to all the modern day standards. This is a substantial property providing a good retail space on the ground floor with rear offices and storage and an extensive rear yard which could be used for other purposes. Above the shop are six flats that have been refurbished in different states of conditions, although a small amount of work is required to bring up to standard. All of the flats provide a fitted kitchen, modern bathroom, one bedroom and lounge area. The property is currently completely empty and is ready for an investment buyer to take over and benefit from the potential income which could be achieved.

Property ref: 121_1029_4217623

Shop Dimensions and Areas 
Internal Width - 8.35m
Shop Depth - 6.84m
Retail Sales Area - (approx) 57m, 615 SqFt
Rear Office - 3.96m x 4.61m
Staff Area - 3.78m x 2.11m
Disabled W.C
Gross Area 1,058 SqFt

Flat One 
Lounge - 5.07 x 4.79
Open Plan Kitchen - 1.80 x 3.19
Bathroom - 1.77 x 2.20 - Bath, W.C and Sink
Bedroom - 2.68 x 5.32
Hall - 3.16 x 2.19

Flat Two 
Entrance Door into Hallway with Cupboard
Bathroom - 1.82 x 1.94 - Bath W.C and sink
Lounge - 3.85 x 5.38
Open Plan Kitchen - 1.91 x 2.79
Bedroom - 2.65 x 3.81

Flat Three 
Lounge - 5.07 x 4.79
Open Plan Kitchen - 1.80 x 3.19
Bathroom - 1.77 x 2.20 - Bath, W.C and Sink
Bedroom - 2.68 x 5.32
Hall - 3.16 x 2.19

Flat Four 
Entrance Door into Hallway
Bathroom - 1.94 x 1.83
Lounge - 4.01 x 5.39
Open Plan Kitchen - 1.92 x 2.82
Bedroom - 2.73 x .82

Flat Five 
Doorway into Hall 3.31 x 2.38 with Cupboard off
Bathroom - 1.79 x 2.28
Lounge - 4.54 x 5.17
Kitchen - 1.80 x 3.20
Bedroom - 2.65 x 5.25

Flat Six 
Front Door into Hallway 2.80 x 1.97
Bathroom - 1.92 x 1.80
Lounge - 4.00 x 4.80
Kitchen - 1.91 x 2.78
Bedroom - 2.68 x 3.83

Outside 
There is a Large rear yard area which is fully enclosed.

The Opportunity 
The Flats were previously let at £72.75 per week. The shop can rent in the region of £5000.00 P.A. This creates a gross return of 10.35% based on the price of £275,000. Total potential income approx. £27,698.

Rates 
The retail shop has a rateable value of £6900.00. Interested applicants should make their own enquires to the North Devon Council re: payment amount.
Apartments have a rateable value of Band A.

Property Facts 
Gross Shop Area - 1,058 SqFt
Flats - 450 - 500sqft
The property is Not Listed but is within a Conservation Area.
Four Storeys
All Fire and Electric Compliances.

More information from this agent

Nearest station

  • Barnstaple (9.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Smale & Co, Barnstaple

5 Cross Street, Barnstaple, EX31 1BA

01271 604000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans

Externally hosted floorplan


To view this property or request more details, contact:

John Smale & Co, Barnstaple

5 Cross Street, Barnstaple, EX31 1BA

01271 604000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Barnstaple (9.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Smale & Co, Barnstaple

5 Cross Street, Barnstaple, EX31 1BA

01271 604000 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4217623. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Smale & Co, Barnstaple. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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