Church Street, Ilfracombe

Versatile mixed-use investment comprising a ground floor office, two one-bedroom flats and scope to add value. Excellent income potential and offered for sale chain-free.
Shop
The ground floor is currently arranged and utilised as office accommodation, offering a practical and flexible layout suitable for a variety of business purposes. The space comprises two particularly generous rooms, providing excellent scope for individual offices, consultation rooms, workspace or alternative commercial uses, subject to any necessary planning consents. A convenient two-piece WC is also provided, adding to the practicality of the accommodation.
Flat 1
Flat One is a particularly well-presented one-bedroom apartment, offering comfortable and well-planned accommodation throughout. The heart of the property is the spacious open-plan lounge, kitchen and dining area, creating a sociable and versatile living environment with ample space for both relaxing and entertaining.
The generously proportioned double bedroom is a further highlight, benefiting from attractive woodland views that provide a pleasant outlook. The bedroom is complemented by a well-appointed three-piece en-suite shower room, providing modern convenience and privacy.
Flat 2
Flat Two offers similarly well-proportioned accommodation and comprises a spacious open-plan lounge, kitchen and dining area, providing a bright and adaptable central living space.
The large double bedroom benefits from its own two-piece en-suite, whilst a separate shower room serves the remainder of the apartment. The layout provides a good degree of practicality and flexibility for modern residential living.
The apartment would benefit from some cosmetic improvements throughout, presenting an excellent opportunity for a purchaser to modernise the accommodation to their own taste.
Location
Ilfracombe town offers a variety of independent shops, art galleries, restaurants and bars. The picturesque seafront and harbour area is home to artist Damien Hirst's ‘Verity’ statue at the harbour entrance. In addition is the exciting new water sports centre and café making the harbour a hive of activity.
North Devon has a wealth of simply stunning golden sand beaches and has long been a mecca for British surfers. The area has recently been declared a ‘world surfing reserve’, one of just 12 places on the planet along with Australia’s Golden Coast and Malibu in California.
Agent notes
- Shops EPC: C (67), Current rental return: £425pcm
-Flat 1 EPC: E (42 with potential for 72), Current Rental return: £575pcm
-Flat 2 EPC: E (45 with potential for 70), Current rental return: £500pcm
- Current annual return of £18,000
- Gas appliances were removed from the property but the connection is still their and could be reconnected
- The basement flat is separately owned and the contribute to 25% of the buildings insurance and contributes to some maintenance
Directions
From our office, head towards Meridian Place for 0.3 miles on the A361 where the property will be found on your right hand side just past the Co-op. We would recommend parking outside the property if available or Wilder Road Car Park.