Hostle Park Road, Ilfracombe, Devon, EX34

Situated in a convenient town centre location, just off the high street and close to all of the local amenities, this substantial block of garages and workshops and an area of garden occupies a total site area of 0.28 acres. There are 28 units within the complex in total with the vast majority of those units occupied by tenants which gives a total gross income in the region of £30,000 per annum. There is further, more detailed information on the current tenancies available within a Legal Pack which is available upon request.

The site is set up in three sections and comprises Hostle Park Garages, Portland Mews and the area of garden to the rear. Portland Mews comprises 16 single lock-up garages together with a larger two storey workshop which is divided into two separate letting units. Portland Mews is made up of 8 single lock-up garages and a further 4 workshops which are split over two storey accommodation. The area of garden which sits to the rear of the site amounts to 0.04 acres and measures approximately 29.4m (96ft) long by 5.43m (18ft) wide. At present, the garden area is a well stocked and enclosed but can only be accessed via one of the larger workshops.

The garage units are all fairly standard sized garages. The larger workshop units are much bigger and offer excellent space for a wide variety of different pursuits and activities. Recently, one of the larger ground floor units was used as a car mechanic's workshop.

This substantial block represents an extremely rare opportunity to purchase an excellent investment but there is also considerable scope and potential for future development of the site, subject to planning permission and any other relevant consents. It is considered that the site is large enough to build a mews style residential housing development, as an example.

Services to the site currently include mains electricity, water and drainage. Please note not all of the garages/units benefit from access to these services.