25 High Street, Ilfracombe, Devon EX34 9DA
Size
6,855
Tenure
Leasehold
EPC
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Parking
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- Primary use
- High street retail
- Frontage
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No floor / site plan
Key features
- FOR SALE BY AUCTION ON THURSDAY 22nd OCTOBER 2026.
- Investment let to Superdrug Stores PLC
- In the same family ownership for approx. 53 years
- High Street Location
- Producing £25,000 per annum
- Gross Yield 16.7%
- Approx. 6,855 sq ft
Description
Occupying a prominent town centre trading position, adjacent to Morrisons Daily/Post Office and amongst such multiples as Nationwide, Ladbrokes, Premier Express and a host of independent retailers.
Ilfracombe is a popular seaside resort on the North Devon Coast, 10 miles north of Barnstaple and benefitting from good road access via the A361 which links with the M5 (Junction 27).
PROPERTY
A mid terraced building comprising a Large Ground Floor Shop with Basement, First and Second Floor Ancillary Accommodation.
ACCOMMODATION¹
Ground Floor Shop
Gross Frontage 23'2"
Area Approx. 3,050 sq ft
Basement Ancillary
Area Approx. 2,317 sq ft
First Floor Ancillary
Area Approx. 1,218 sq ft
Second Floor Ancillary
Area Approx. 270 sq ft
Total Area Approx. 6,855 sq ft
¹Not inspected by Barnett Ross. Areas taken from VOA.
VAT is applicable to this Lot
TENURE
Leasehold for a term of 999 years from 29th September 1972 (thus having approx. 945 years unexpired) at a fixed ground rent of £900 p.a.
TENANCY
The entire property is let on a full repairing and insuring lease to Superdrug Stores PLC t/a Superdrug (having approx. 789 branches) (T/O for Y/E 27/12/2025 £1.7 billion, Pre-Tax Profit £144 million and Shareholders’ Funds £471 million) for a term of 30 years years from 24th June 2000 (in occupation for over 26 years) at a current rent of £25,000 per annum exclusive.
Rent Review June 2025 (Outstanding)
Tenant’s Break June 2028
Note 1: The tenant also operates a Pharmacy in the premises.
Note 2: 6 week completion.
- Service charge
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- Business rates
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- Use class
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- Listed building
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- Floors in building
- 4
- Tenure
- Leasehold
- Length of lease
- 945 years left
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Disclaimer - Property reference Ilfracombe. 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 Barnett Ross, Barnett Ross. 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.