Investment Properties for sale in Combe Martin

View the "High Specification Mixed Commercial/Residential Property with Sea Views" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

High Specification Mixed Commercial/Residential Property with Sea Views

Combe Martin, Devon, England

  • Freehold Price: £1,165,000
Seller Reference: COM210018 - Granta
Email email
Business Description
Image 1 of 8 video_library
Seller Reference: COM210018 - Granta
Request Details
Business Description
View this property as quickly as you can to appreciate the size and scope of the apartments and quality of this fine premises.
Granta & Rockdene House are very well cared for Edwardian properties that has been maintained to a high standard and provides a substantial income from the rent of 7 apartments, 2 shops and a launderette.
The 4 apartments in the front all have stunning sea views.
The 3 apartments to the rear each overlook the rear garden, one also has side views to the sea.
The apartments have gas radiator central heating and are all well-presented.
The two lock-up shops on the ground floor have been let on 6 month rental agreements, one to a local community charity and the other to a couple operating a retail business.
The third commercial letting to the eastern side on the ground floor has been let as a launderette.
There is also a workshop/store used by the current owner which offers potential for conversion/expansion.

The apartments are let on assured short-hold tenancy agreements.
The two shops have established tenants one since 2005 and one since 2018 each let on a 5 year agreement with break clause either way and 6 months’ notice period. The launderette is subject to a 5 year lease agreement with a 3 months’ notice period.

The gross income for 2020 is £62,037 with scope to increase.
A schedule of rents is available after inspection and subject to client approval.
This split rental figure from residential letting is £45,843 and £16,194 from the commercial units.
Is accommodation included?:
Location Details:
In a sought after tourist location overlooking the Beach and Bay in the pretty seaside village of Combe Martin on North Devon's majestic coastline. The village is located some 5 miles East of Ilfracombe and is often referred to as the gateway to Exmoor National Park.
Listed by:
Request Details

Find out more about this business opportunity.


Finance Services

Would you like a free no-obligation discussion with a qualified finance provider who could help you to buy this business?

You will ONLY be contacted by your local ASC Finance director. Your details will not be passed on to any third party.

Please note that Daltons Business will send the above details to the seller of the business. By submitting this form, you confirm that you agree to our website terms of use, our privacy policy and consent to cookies being stored on your computer.
You may also like...
loder imageloder image