Summary - 63 High Street EX34 9QE
4 bed 2 bath Mixed Use
**Standout Features:**
- Fully tenanted mixed-use property in Ilfracombe, generating steady rental income
- Prime location on the bustling High Street
- Ground floor retail unit with treatment rooms, currently let at £300 PCM
- Two spacious two-bedroom flats on the first and second floors, commanding rentals of £360 and £500 PCM
- Generally good condition with strong tenant appeal
**Potential Concerns:**
- Average-sized plot
- Above-average crime rate in the area
- Built before 1900 with no insulation, potentially requiring future renovations
Positioned in the vibrant heart of Ilfracombe, this mixed-use property offers a lucrative investment opportunity, comprising both a commercial retail space and two well-appointed residential flats. The ground floor shop space is currently leased and utilized for treatments, featuring a welcoming shop area and ample facilities, making it an attractive spot on the high street. The first and second floors boast two separate flats with modern amenities, ensuring a steady cash flow with all units currently occupied.
While the property is in good condition, it's essential to note its historical construction, built before 1900, which presents prospects for value enhancement through potential renovations. Set in an area known for its scenic beauty and local attractions, including award-winning beaches and proximity to Exmoor National Park, this property not only promises immediate returns but also capital growth potential.
With an excellent mobile signal and fast broadband speeds, it’s well-suited for a range of tenants. This opportunity won’t last long—schedule a viewing today and take the first step towards expanding your investment portfolio in a desirable coastal town.
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