Lot 85: FREEHOLD MIXED USE INVESTMENT

Mixed Commercial/Residential - North Devon
Mixed Commercial/Residential - North Devon
Communal Verandah Area
Mixed Commercial/Residential - North Devon
Flat Four Bedroom
Mixed Commercial/Residential - North Devon
Flat One Bedroom
Mixed Commercial/Residential - North Devon
Flat One Bathroom
Available At £390,000 + Fees
51 High Street, Ilfracombe, Devon. EX34 9QB

Currently let at £41,860 per annum

Applicants may view the lot externally only

01392 366555

Dave Henwood

A substantial double fronted property situated in the heart of Ilfracombe town centre and close to the seafront. Arranged as two ground floor commercial units with five
self contained flats occupying the upper three floors the property would benefit from some improvement works.

Once completed the property is considered suitable for retention as a letting investment or alternatively individuals may wish to consider selling the units back into the local market individually.

Commercial Units

Ground Floor

51 High Street

Shop floor, stock room, office, staff kitchenette and cloakroom with W.C.

Tenancy

Let on a six year commercial lease from 5th August 2020 at a current rent of £5,200 per annum. There is a rent review on the 5th September 2023.

51A High Street

Shop floor, staff kitchen and cloakroom with W.C.

Tenancy

Let on a six year commercial lease from 1st December 2020 at a current rent of £7,200 per annum. There is a rent review on the 1st December 2023.

Flats 1-5

Ground Floor

Communal entrance to rear and bin store.

First Floor

Flat 1

Entrance hall, open plan kitchen/living room, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £495 per calendar month.

Flat 2

Entrance hall, open plan kitchen/living room, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £495 per calendar month.

Second Floor

Flat 3

Entrance hall, open plan kitchen/living room, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £475 per calendar month.

Outside

Communal veranda area.

Third Floor

Flat 4

Living room, kitchen, three bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £495 per calendar month.

Flat 5

Open plan kitchen/living room, two bedrooms and bathroom with W.C.

Tenancy

Let on an Assured Shorthold Tenancy Agreement at a current rental of £495 per calendar month.

Auctioneer’s Note

At the time of publication the auctioneers have not inspected the whole of the property. Interested applicants should rely on their own enquiries to verify the information provided.

Residential EPC: D
Commercial EPC: D

Map

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The map and satellite images are based on postcode information and are available for for directions only. The may not necessarily show the exact lot being offered, but will be in close proximity. Please refer to the sale plan in the legal documentation for precise details of the lot to be sold.