St. Brannocks Road, Ilfracombe, Devon, EX34

A unique and versatile opportunity to acquire a well-presented property comprising a spacious three bedroom “old studio” maisonette arranged over two floors, together with two further three bedroom two storey maisonettes above, both currently let and producing income.

The ground and lower accommodation forms the original studio maisonette, which benefits from its own private access and is currently occupied by the vendors. This well-presented home offers generous and flexible living space including three bedrooms, a modern fitted kitchen, large living room / diner, shower room and family bathroom. The property is presented in excellent order throughout and retains a number of charming character features, while offering a comfortable home that is ready to move straight into and enjoy.

A particular feature of the property is the substantial double garage/workshop and adjoining store, which provides excellent space for a variety of uses including storage, hobbies or workshop purposes.

Above the studio maisonette are two further three bedroom maisonettes, each with their own separate entrance from Station Road and arranged over two floors with identical layouts. The ground floors comprise an entrance hall, kitchen and living room, whilst the upper floors provide three bedrooms and a family bathroom.

Both of these maisonettes are currently let on Assured Shorthold Tenancy agreements and the property is offered for sale with the tenants in situ, providing an immediate income stream. Further details are available from the office.

Further information regarding the tenancies and rental arrangements is available from our office.

AGENTS NOTE: The property is being sold as a freehold block comprising three self-contained residential units, known as The Old Studio, 1 Station Road and 2 Station Road. Each unit is held under a long lease of 999 years at a peppercorn ground rent granted by 1 & 2 Station Road Management Company. The leases provide that each property contributes one third (33.33%) of the annual service charge expenditure, which covers the maintenance, repair and insurance of the building and common parts. The vendors currently hold the leasehold interests in all three units and the freehold interest is included within the sale, giving the purchaser full control of the building and management arrangements.

Council Tax: The Old Studio: A
1 Station Road: B 2 Station Road: B

EPC: The Old Studio: C 1 Station Road: D 2 Station Road D

Services and Utilities: All mains’ services are connected. Each unit is on separate water, gas, electricity and council tax.