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House for sale
St. James Place, Ilfracombe, Devon, EX34
£675,000
St. James Place, Ilfracombe, Devon, EX34
£675,000
Our Summary
- The ground floor may also convert to apartments subject to planning permission if required
- Alternatively there is opportunity to rent out the ground floor as a commercial units with the potential rent of £15,000 per annum as well as income by letting one apartment as a holiday let and living in the spacious maisonette on the upper floors
Description
Located in the heart of the popular seaside resort of Ilfracombe, this large Victorian property boasts an enviable west-facing location with stunning views of the seafront and sunsets. The property is currently arranged as three units, including a busy restaurant with seating for 24 customers inside and 32 customers outside, as well as a modernised 2 bedroom apartment and a spacious 3 bedroom maisonette. The apartments have their own entrance doors and can be used as owners' accommodation or as a potential holiday let, providing a supplementary income. The ground floor may also convert to apartments subject to planning permission. The business, which is well respected in the local area, generates takings of circa £159,500 per annum (NET OF VAT) and is available to genuine buyers only.