Ilfracombe, EX34 9DF
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Ilfracombe, EX34 9DF

Investment Property 2 Bedroom
EPC Rating: EPC
Guide price £250,000
Property Description

Additional Information

An excellent opportunity to purchase a well-established business on the High Street with a 2 bedroom flat. The commercial unit comprises of: a shop floor approximately 590 sq ft, with a basement currently used as storage and currently split into 3 separate storage areas with a door leading to the garden. W.C with wash hand basin. The business has been operating for 15 years as a health food shop. We have been advised the approximately annual turnover is £127,000. The flat is accessed via a communal entrance and located on the first floor. The accommodation comprises of in brief: Two bedrooms, shower room and open plan lounge/ kitchen. the property benefits from far reaching sea views, combi boiler suppling domestic hot water and gas central heating. The current vendors are letting the property out on an assured shorthold tenancy generating a rental income of £500 PCM.

Shop

Main Entrance    Door leading to:

Retail Space 49' x 43'4" (14.94m x 13.2m). Access to the basement with steps leading down.

Basement    WC and wash hand basin. Window to side elevation. Door leading to Garden.

Storage Area One 14'7" x 10'5" (4.45m x 3.18m).

Storage Area Two 11'8" x 11'4" (3.56m x 3.45m).

Storage Area Three 18'8" x 11'11" (5.7m x 3.63m).

Outside    Garden to the rear which is accessed from basement.

Flat

Main Entrance    Door leading to:

Entrance Hall    Window to rear elevation. Useful under stairs cupboard which is housing combination boiler supplying domestic hot water and gas central heating. Door leading to:

Open Plan Kitchen/Lounge 22'9" x 12'5" (6.93m x 3.78m).

Kitchen Area    A range of wall and base units with work surface over. Stainless steel sink and drainer inset into work surface. Space for electric cooker and extractor hood over. Space for fridge.

Lounge    Sash window to rear elevation boasting breath taking sea views. Feature window shutters. Picture rail. Feature fire place and radiator.

Shower Room    Three piece suite comprising of shower cubicle, pedestal wash hand basin with tiled splash backing and low level push button WC. Heated towel rail. Down lighters and extractor fan.

Bedroom One 14'10" x 10'4" (4.52m x 3.15m). Sash window to front elevation, picture rail and radiator.

Bedroom Two 11'3" x 8'1" (3.43m x 2.46m). Sash window to front elevation, picture rail and radiator.

Agents notes    Stock at valuation.



Directions

From our office situated on Ilfracombe High Street proceed on foot towards the centre of town, continue pass Nationwide and the property will be approximately 200 yards up the road on your left hand side.

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