SHOP WITH TWO APARTMENTS

Price:

Freehold - £279,950

Seller Ref:

COM090126

Location:

Devon, North Devon, Ilfracombe

Business Type:

Commercial Property, Corporate Businesses

See Other:

Other commercial property for sale in Devon
Retail space for sale in Devon
Showrooms for sale in Devon
Self catering/flats for sale in Devon
Commercial property for sale in Devon
Corporate businesses for sale in Devon

Description:

THE BUSINESS:

In a prime tourist trading position located on the Sea Front opposite the Grosvenor Hotel and close to Runnymead Gardens, this is an end terraced modernised 3 storey Victorian property ideally placed for passing trade.

Ilfracombe is North Devon's leading tourist resort having a population in the region of 10,500 inhabitants boosted in the summer months with the influx of tourists.

The premises are centrally located within the town. Recent inward investment in Ilfracombe has included a new Tesco supermarket, a shortly to be opened in February 2010 new Lidels supermarket and there are proposals to develop the Harbour area once funding has been found. In addition in 2010 a new daily ferry service will commence from South Wales to Ilfracombe which will gradually enhance the tourist trade and the number of day trippers to the resort.

THE PROPERTY
The premises comprise of a substantial end terraced property with the Ground Floor offering a lock-up shop unit which at the time of inspection had been let on a short term for 5 years at a rent of £6,000 per annum. The shop currently operates as a Kitchenware shop but in the past has been a haridressers and is indeed is ideal for a variety of purposes.

The Upper Floors comprise of two self-contained flats with a side entrance. The First Floor Flat offers a self-contained one bedroomed unit and to the Second Floor the top apartment offers a two bedroomed unit. Again at the time of inspection one of the flats was let on a short hold tenancy agreement.

The premises are ideal as an investment or for owner occupier. We strongly recommend viewing to avoid disappointment.