This property represents a unique opportunity for developers and investors looking to capitalize on a prime location that is central to local amenities and the picturesque seafront. Currently, the site includes an already developed house alongside approved plans for the construction of eight apartments, providing a solid foundation for further development.
Nestled just 100 meters from the High Street and directly across from the famous Tunnel Beaches, the property benefits from a vibrant locale that attracts both tourists and residents. The existing house has been operational as a Bed and Breakfast, utilizing only 12 of its 20 rooms, making it an ideal transitional asset while planning for future developments.
Notably, there is potential to expand on the approved plans by adding an additional floor, which could increase the number of apartments from eight to ten. This addition would enhance both rental income potential and overall property value, subject to obtaining necessary planning permissions. The infrastructure is already in place with a lift servicing all floors—an attractive amenity for future tenants.
Parking provisions are adequate with one space allocated per apartment, located in the front car park along Wilder Road. Importantly, there are no Section 106 payments required for this site, allowing work to commence promptly upon notifying building control.
Ilfracombe town center offers a blend of independent shops, supermarkets, and essential services including schools and healthcare facilities. The nearby harbor area enhances the appeal of this investment with its variety of shops, restaurants, and cultural attractions such as art galleries influenced by renowned artist Damien Hirst. This combination of features makes this property not only a sound investment but also a meaningful part of the community’s landscape.
