£325,000
Retail premises for sale122-128 High Street, Ilfracombe, Devon EX34
Under offer
Available immediately
About this property
Fully let investment
Prime location in popular tourist town
Rental income £32,996 pax
Shops let to A wide range of local businesses
Car park included
Investment - Commercial Investment opportunity comprising seven fully let shops with a vibrant mix of independent retailers including fashion shop, cafe, barbers, sandwich shop and off licence.
There are seven flats above which are sold off on leases with 94 years remaining at ground rents of £100 each. There is also nominal income from an electricity sub station.
The shops and flats have front and rear access.
There is a car park to the rear accessed from Springfield Road.
Location
The property is situated in the popular tourist resort of Ilfracombe in North Devon, a short distance from the harbour. The town has a population of about 11,000 inhabitants which is boosted in the summer months with the influx of tourists.
The resort is North Devon's largest tourist centre, offering a host of facilities including beaches, parklands, attractive costal walks and on the outskirts of town is a popular gold course. The world-renowned artist Damien Hirst has given on loan to the town a statue called "Verity" which is located on the pier and has attracted many more day visitors to the area. The town has also built a reputation as an arts centre and catering venue and indeed there are now several art galleries in the resort.
Each party to bear their own legal costs.
Strictly by appointment through vdbm on or our joint sole agent Webbers on .
Please note the Directors of vdbm have a financial interest in the property.
Energy performance certificates (EPC) are available upon request. The ratings are as follows:-
122 High Street - C
123 High Street - C
124 High Street - C
125/126 High Street - B
127 High Street - C
128 High Street - B
Fully let investment
prime location in popular tourist town
Rental income £32,996 pax
Shops let to A wide range of local businesses
Car park included
There are seven flats above which are sold off on leases with 94 years remaining at ground rents of £100 each. There is also nominal income from an electricity sub station.
The shops and flats have front and rear access.
There is a car park to the rear accessed from Springfield Road.
Location
The property is situated in the popular tourist resort of Ilfracombe in North Devon, a short distance from the harbour. The town has a population of about 11,000 inhabitants which is boosted in the summer months with the influx of tourists.
The resort is North Devon's largest tourist centre, offering a host of facilities including beaches, parklands, attractive costal walks and on the outskirts of town is a popular gold course. The world-renowned artist Damien Hirst has given on loan to the town a statue called "Verity" which is located on the pier and has attracted many more day visitors to the area. The town has also built a reputation as an arts centre and catering venue and indeed there are now several art galleries in the resort.
Each party to bear their own legal costs.
Strictly by appointment through vdbm on or our joint sole agent Webbers on .
Please note the Directors of vdbm have a financial interest in the property.
Energy performance certificates (EPC) are available upon request. The ratings are as follows:-
122 High Street - C
123 High Street - C
124 High Street - C
125/126 High Street - B
127 High Street - C
128 High Street - B
Fully let investment
prime location in popular tourist town
Rental income £32,996 pax
Shops let to A wide range of local businesses
Car park included
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