4 bedroom terraced house for sale

>

4 bedroom terraced house for sale

High Street, Ilfracombe, Devon
£230,000

Our Summary

  • Positioned in the heart of Ilfracombe, this fully tenanted, mixed-use property presents a fantastic investment opportunity
  • With all units occupied and producing an immediate income, this is an ideal low-maintenance addition to an investor’s portfolio, offering attractive yields and scope for future capital growth
  • Early viewing is recommended to appreciate the potential this High Street property has to offer

Description

This mixed-use property in the heart of Ilfracombe offers a fantastic investment opportunity, with a combination of commercial and residential units generating a steady rental income. The ground floor features a retail unit currently used for treatments, with a shop area, treatment room, kitchenette, and WC, and an additional treatment room on the first floor. The unit is currently let at £300 pcm. The first and second floors each have a two-bedroom flat, with generous living spaces and electric storage heating. Both flats are let, with Flat 1 renting for £360 pcm and Flat 2 commanding £500 pcm. The property is in generally good condition and benefits from its central location, with strong tenant appeal. With all units occupied and producing an immediate income, this is an ideal low-maintenance addition to an investor's portfolio, offering attractive yields and scope for future capital growth.