Summary - High Street, Ilfracombe, Devon EX34 9EY
1 bed 1 bath Restaurant
Established High Street restaurant with tenant in place until 2027 — period charm and modern kitchen.
Tenant in situ until 2027 providing established rental income
Prime High Street trading position with good footfall potential
Victorian period façade with original window detailing
Modern commercial kitchen and flexible two‑storey layout
Leasehold tenure — buyer inherits lease constraints
Located in a very deprived area; may limit rental growth
Above‑average local crime rates — factor into operator choice
Broadband average; mobile signal excellent
This Victorian two‑storey retail unit on Ilfracombe High Street offers an established income stream with a commercial tenant in place until 2027. The property sits in a prime trading position on the town’s main thoroughfare, benefiting from footfall and a mix of nearby leisure and retail amenities. The façade retains period character while the interior includes a modern commercial kitchen and flexible ground‑floor space suitable for café or retail operations.
For an investor, the in‑situ tenancy provides immediate, predictable returns and a straightforward hands‑off option until lease expiry. The building’s flexible layout also presents medium‑term upside: on lease surrender or renewal there is scope to reconfigure the two floors for different operators, increase yields through active management, or reposition the unit for higher‑value occupiers.
Buyers should note material considerations: the property is offered leasehold, with the current tenant contracted until 2027, limiting immediate occupation. The local area is classified as very deprived and records above‑average crime levels, which may affect rental growth and operator mix. Broadband is average, mobile signal is excellent, and there is no identified flood risk.
Overall this is a clear acquisition for a buyer seeking rental income from a central High Street asset with period appeal and modern kitchen fit‑out, but it requires acceptance of the leasehold position and local socioeconomic challenges.
4 bedroom terraced house for sale in High Street, Ilfracombe, Devon, EX34 — £230,000 • 4 bed • 2 bath
4 bedroom mixed use property for sale in High Street, Ilfracombe, Devon, EX34 — £230,000 • 4 bed • 2 bath • 1841 ft²
4 bedroom terraced house for sale in High Street, Ilfracombe, North Devon, EX34 — £140,000 • 4 bed • 2 bath • 528 ft²
3 bedroom terraced house for sale in St. James Place, Ilfracombe, Devon, EX34 — £250,000 • 3 bed • 1 bath • 1140 ft²
3 bedroom mixed use property for sale in High Street, Ilfracombe, Devon, EX34 — £210,000 • 3 bed • 2 bath • 711 ft²
High street retail property for sale in 122-128 High Street, Ilfracombe, Devon, EX34 9EY, EX34 — £325,000 • 1 bed • 1 bath • 883 ft²
