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3 bedroom terraced house for sale
High Street, Ilfracombe, Devon, EX34
£83,750
High Street, Ilfracombe, Devon, EX34
£83,750
Our Summary
- PROPERTY DESCRIPTIONOffered with full vacant possession, this mixed-use property presents a unique and exciting development opportunity in its current form
- Both the commercial and residential elements have previously been let separately, but are now vacant and require comprehensive refurbishment
- The property is currently in a poor state of repair; however, planning permission has been granted under application number 79555 for a thoughtfully designed redevelopment scheme
- 5 sqmThis is a fantastic opportunity for investors, developers, or owner-occupiers to add significant value through refurbishment and conversion, with planning already in place
- Early viewing is highly recommended to appreciate the full potential of this project
- 8,500) Likely to change if planning permission work is carried out
Description
This property is a mixed-use property in Ilfracombe, consisting of a ground floor retail unit, a mezzanine level, and a three-bedroom maisonette. The property is in a poor state of repair, but planning permission has been granted for a redevelopment scheme, which includes a ground floor shop, a one-bedroom flat, and a two/three-bedroom maisonette. The property is being marketed by Homewise, which offers a "Home for Life" plan that allows those aged 60 or over to purchase a lifetime lease and a share of the property value, potentially saving up to 50% of the market value. The plan is designed to safeguard the property for the future, and the cost to purchase the lifetime lease is always less than the full market value.