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Wonderful Home With Income Opportunity For Sale

Ilfracombe, Devon, UK
Asking Price:
£699,950
Sales Revenue:
£100K - £200K
Cash Flow:
Available on request

This large Victorian property is currently arranged as three units.

On the ground floor is the busy restaurant with seating for 24 customers inside and with 32 customers outside as well as having a fully equipped kitchen and store room behind.

The luxuriously appointed apartments have their own entrance doors which can be accessed from an internal communal lobby to the side of the property.

The first floor provides a modernised gas centrally heated 2 bedroom apartment, all on one level.

The two upper floors provide a spacious modernised 3 bedroom maisonette with gas central heating and is well presented throughout.

There are views of the esplanade and sea beyond at Wildersmouth Beach the sunsets are spectacular!

To the rear of the first floor is a patio bordering Capstone Hill gardens.

The apartments can be used as at present for owners' accommodation plus an annexe or alternatively could be used as owners' accommodation and as a potential holiday let providing a supplementary income.

Parking is available for one vehicle.

The ground floor may also convert to apartments subject to planning permission if required.

Alternatively there is opportunity to rent out the ground floor as a commercial units with the potential rent of £15,000 per annum as well as income by letting one apartment as a holiday let and living in the spacious maisonette on the upper floors.

Viewing of this property is highly recommended.

A well respected restaurant with a loyal local and tourist customer base.

Takings circa £159,500 per annum (NET OF VAT), accounts to genuine buyers only.

Property Information

Property:

Freehold

Location:

Enviable and eye catching location facing west along Ilfracombe seafront in the heart of this popular thriving resort.
The property overlooks the promenade, Capstone pleasure gardens, the crazy golf course and is within easy reach of the harbour and all holiday amenities.

Energy Performance Rating:
C

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