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Borough Road, Combe Martin

Key features

  • Commercial let
  • 8 Flats Plus Shops & Storage
  • Popular Costal Location
  • Available Immediately
  • Great Investment Opportunity
  • Parking nearby by- permits available from NDDC

Description

The lease of a prominent and imposing character building with eight letting apartments, as well as two commercial units is available for negotiation. We are seeking interest in renting the entire building on a sublease arrangement that will enable interested parties to sublet should they wish and rent the property for holidays or as a full-time residence on AST’s.

The opportunity to take over this successful holiday rental business is available in a prime location near Combe Martins Cove with panoramic views of the sea. It consists of eight apartments with one to two bedrooms, as well as two large commercial premises with large window displays. There is one large lockable workshop. Additional units may be developed on the site subject to internal changes and development at the leasee's expense.

The apartments are decorated to a high standard and fully equipped with kitchens and bathrooms and can be rented on a short-term or long-term basis. It is hoped that this project will allow the leasee to establish a successful holiday business within a beautiful building close to the coast of North Devon without having the initial out lay of purchasing the property.

An overview of the proposal
Tenancy for at least three years with the option to sublet. The rent is £22,400 per quarter, rising RPI annually. Total use of the building as you wish.

Purchase is available at £1.65m or a deferred purchase also negotiable if there is a desire to improve the property.

Brochures

Borough Road, Combe Martin
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Borough Road, Combe Martin

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barnstaple Station9.2 miles
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About the agent

Phillips, Smith & Dunn, Barnstaple

Alliance House, Cross Street, Barnstaple, Devon, EX31 1BA

Phillips, Smith & Dunn, Barnstaple

Phillips Smith & Dunn are one of the longest established independent estate agents in North Devon. With a personal and professional approach we pride ourselves in offering the highest quality of customer service. Our agents are well trained and experienced and we can offer a wide range of services. We have 3 offices covering the whole of North Devon from the rugged coast line to rolling countryside, West Exmoor and the Taw and Torridge valleys and therefore remain the agent of choice.

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Industry affiliations

National Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)Association of Residential Letting Agents

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Disclaimer - Property reference 32825366. 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 Phillips, Smith & Dunn, 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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