Ilfracombe, EX34 9QE

Positioned in the heart of Ilfracombe, this fully tenanted, mixed-use property presents a fantastic investment opportunity. Situated on the bustling High Street, the property offers a combination of commercial and residential units, all generating a steady rental income.

The ground floor features a well-presented retail unit currently used for treatments, including a spacious shop area, treatment room, kitchenette, WC, and access to a cellar, with an additional treatment room on the first floor. This unit is currently let at £300 pcm.

On the first and second floors each floor has a two-bedroom flat. Both flats offer generous living spaces with lounge, kitchen, bathroom and utility room, and are heated by electric storage heaters. Flat 1 is let at £360 pcm, while Flat 2 commands £500 pcm.

Overall, the property is in generally good condition and benefits from its central location, with strong tenant appeal. With all units occupied and producing an immediate income, this is an ideal low-maintenance addition to an investor’s portfolio, offering attractive yields and scope for future capital growth. Early viewing is recommended to appreciate the potential this High Street property has to offer.

The property has an Flat 1 EPC E Flat 2 EPC F Shop EPC C. Traditional build and is of brick construction, falling under Council Tax Bands, Flat 1 & 2 Band A Shop TBC TBC. Flood risk is assessed at** /***, and there is currently *** planning permission in place for neighboring properties. All mains services and utilities are connected). Broadband speeds are estimated at 17 Mbps for standard and 61 Mbps for superfast, with a reasonable mobile signal. The lease length is **, with associated fees of **, and potential rental income is projected at ***. The property does have a flying freehold.