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"A great opportunity to purchase this freehold property, comprising of 2 self contained flats with additional lock up shop. The property would generate approximately 12% gross yield per annum and may suit as part of a pension portfolio.

Freehold Investment Opportunity in the Heart of Ilfracombe business unaffected .

A chance to acquire this well located mixed use freehold property, situated in the centre of Ilfracombe. The building comprises a ground floor lock up retail unit and two self contained residential flats above.

Access to the flats is via a separate entrance leading to a communal hallway. The first floor offers a self contained one bedroom flat, currently tenanted. The upper two floors feature a spacious three bedroom maisonette, which requires refurbishment before being re let.

Current & Projected Income
Retail Unit Ground Floor Let at £350 pcm £4,200 pa

1 Bed Flat First Floor Let at £485 pcm £5,820 pa

3 Bed Maisonette Top Floors Estimated rental income £600 pcm £7,200 pa once renovated

Projected Total Rental Income £17,220 per annum. Estimated Gross Yield Approximately 12% per annum

Additional Information
Council Tax Band A for both flats
EPCs Available for both flats Shop EPC pending
Tenure Freehold

Business Rates Retail Unit
Rateable Value £4,400 as of April 2023
UBR 49.9p in the £ May qualify for 100% Small Business Rate Relief RV under £12,000 applicants should verify with the Valuation Office Agency

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