19 High Street Ilfracombe Devon EX34 9DF (including 10 Market Square Ilfracombe EX34 9AU).

Property information

To view & download the appropriate documentation (pdf format) please click on the links below:

Location planExisting office  layout planProposed flats layout 1st & 2nd Floors19 High Street Decision Notice10 Market Square location 10 Market Square layout plan 10 Market Square Decision Notice 

Premisies: 19 High Street & 10 Market Square Ilfracombe is a substantial freehold commercial property,being a Grade II Listed Buidling, enjoying a very good trading location in the heart of Ilfracombe, on the `sunny side` of the High Street, the town`s main retail location. The property is adjacent to Wiliam Hill bookmakers, and close to Lloyds Pharmacy, Subway and a variety of interesting local traders. There is public car parking nearby as are the town`s amenties with easy access to the seafront, which runs parallel to the High Street. The ground floor shop provides circa 1,391 sq ft (129.2 m²). The office accommodation is vacant and benefits from planning and Listed Buidling consent to convert the first floor to a two bedroomed flat and the second floor to a one bedroomed flat, with the accommodation to the rear (address 10 Market Square benefiting consent for converstion to a one bedroomed apartment, therefore the property offers much scope.

Planning: The property availability of this property offers an interesting opportunity to acqure a substantial freehold property in a good trading location with the benefit of an existing income from the shop with additonal accommodation which can either be used or let or developed in accordance with the existing planning permission (Dated 3rd September 2010 Application Nos 50797 &50710. Local authority North Devon Council: 01271 327711  or www.northdevon.gov.uk.

Tenancy: The property comprises the ground floor shop which is currently let (to include 10 Market Square Ilfracombe) to B Richman Esq (trading as Why Pay More) on the balance of a 3 year lease to 16th September 2012, on internal reparing (subject to a photographic schedule) and shopfront only (tenant pays share of insurance), with the passing rent being £10,000 p.a. The lease is excluded from the Landlord & Tenant Act 1954 meaning that the present tenant does not have any right to renew his lease at the end of the lease term, unless both parties agree and therefore VACANT POSSESSION COULD BE OBTAINED AT THE END OF THE LEASE IF REQUIRED: 16th September 2012. 

Ilfracombe is a North Devon`s largest costal town resort with a resident population of circa 10,000 and benefiting from a wide catchment including nearby Combe Martin, West Down and Woolacombe. Barnstaple is about 11 miles distant where you can join the North Devon Link Road (A361), giving direct access to the M5 Motorway at Junction 27 (Tiverton). 

Measurements

**Important Note. Please note that these measurements are for the actual existing offices and not the additional circulation space of Kit & W.C`s so the area of a flat will be greater.

Tenure

The property is for sale freehold. The accommodation is offered with full vacant possession apart from the lease of the ground floor shop (which includes the Market Street accommodation too), which is held on the balance of a 3 year lease ending 16th September 2012. The lease is excluded from Part II of the Landlord & Tenant Act 1954 so vacant possession could be obtained of the shop if required.

A pdf copy of this lease is available to seriously interested parties from ku@underwoodwarmington.com

Business Rates: Ground Floor Shop

Rateable value:	£9,300
Rates payable for 2011/2012:	Circa £4,026 p.a. Payable by the tenant.

Business Rates: First & second floor offices

Rateable value:	£3,450
Rates payable for 2011/2012:	Circa £1,500 p.a. (Subject to govenment poliicy to reduce this until 2012).

As the property is a Grade II listed building no rates are payable as an empty premises.

Business Rates: Market Square

Rateable value:	£3,450
Rates payable for 2011/2012:	Circa £1,500 p.a. payable by the tenant.

Viewing

For an appointment to view please contact:

Kevin Underwood
Tel:	01271 378731
Email:	ku@underwoodwarmington.com
Mobile:	07968 142269

Property reference number

Reference:

UW686

Important notice

These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.

Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property.

The photographs show only certain parts and aspect of the property at the time they were taken. Any areas, measurements or distances given are approximate only.

Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, Building Regulations or other consent has been obtained. These matters must be verified by an intending tenant.