This freehold property in the heart of Ilfracombe offers a unique investment opportunity, comprising a ground floor lock-up shop and two self-contained flats above. The property generates a significant gross yield of approximately 12% per annum, making it an attractive addition to a pension portfolio. The ground floor shop is currently let at £4,200 per annum, while the first-floor one-bedroom flat is tenanted at £5,820 per annum. The three-bedroom maisonette on the upper floors requires refurbishment before re-letting, but is estimated to generate an additional £7,200 per annum once renovated, bringing the total projected rental income to £17,220 per annum. The property is freehold, with a council tax band of 'A' for both flats, and may qualify for 100% Small Business Rate Relief on the shop. With its central location and potential for further income growth, this property presents a compelling investment opportunity.