Summary - 1 RUNNACLEAVE CRESCENT ILFRACOMBE EX34 8AH
1 bed 1 bath Shop
**Standout Features:**
- Prime seafront location in Ilfracombe
- Ground floor shop (764 sq ft) currently generating £6,300 p.a. in rent
- Two vacant apartments: a spacious 2-bedroom and a cozy 1-bedroom
- High ceilings and charming Victorian architectural details
- Scenic views of the Torrs and seafront gardens
- Parking for two cars
**Potential Concerns:**
- Shop has only 5 years left on the lease, which may affect mortgage approval
- The area has a classification of 'hampered aspiration' and is considered deprived
Discover a unique opportunity at this mixed-use investment property located in the bustling heart of Ilfracombe’s seafront. This charming Victorian corner block not only provides a thriving ground floor wellness center, currently leased at £6,300 per annum, but also boasts two well-presented apartments ideal for rental or holiday accommodation. Imagine waking up to picturesque views of the Torrs and the vibrant seafront gardens just a stone's throw away.
The property features a total of 764 sq ft, designed to maximize space with high ceilings and character-filled bay windows. The prime location ensures excellent visibility and foot traffic, benefiting both commercial ventures and short-term rentals to seasonal visitors eager to explore the beautiful coastline. Additionally, there are two valuable off-street parking spaces—a rare find in this area.
While there is a notable concern due to the limited lease duration for the shop, the potential for lucrative rental income from the apartments remains appealing for savvy investors or first-time buyers looking to further expand their portfolio. This is a chance to capitalize on a unique coastal offering that merges lifestyle and investment—don't miss out!
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