Summary - 1 RUNNACLEAVE CRESCENT ILFRACOMBE EX34 8AH
1 bed 1 bath End of Terrace
**Standout Features:**
- Prime seafront location in Ilfracombe
- Ground-floor shop (764 sq ft) with current lease at £6,300 per annum
- Two vacant, dual-aspect apartments: 1 x 2-bedroom and 1 x 1-bedroom
- Charming Victorian architecture with bay windows
- Valuable off-street parking for two vehicles
- Close proximity to Tunnels Beaches and local attractions
**Potential Downsides:**
- Shop lease only has 5 years remaining—could hinder mortgage options
- Overall area classified as deprived, which may impact buyer interest
- Current average broadband speeds and average crime rate
This mixed-use commercial/residential property presents an exciting investment opportunity in a bustling seafront location. The ground-floor shop, currently operating as a wellness centre, generates a reliable annual rental income and benefits from high visibility and foot traffic. Above, the two well-appointed apartments offer stunning views of the surrounding area and could serve as desirable holiday rentals or long-term residential units, enhancing overall profitability.
With its historic Victorian facade and large windows, the property not only boasts character but also a flexible layout ideal for varied use—from commercial to residential. Despite the potential challenge of a short lease term on the ground floor, the attractive price of £285,000 combined with the dual income streams from the shop and apartments, make this a compelling proposition for savvy investors looking to capitalize on the area's tourist appeal. Don’t miss the chance to invest in this unique property and unlock its full potential in a vibrant community!
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