Asking price

£350,000

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Broad Street, Ilfracombe, Devon, EX34

Apartment for sale

Apartment

Key Features

  • Development project
  • Rare opportunity to acquire residence close to the harbour and cove
  • Substantial town house
  • Harbour views from the rear
  • Previously approved plans for conversion of upper floors to a spacious three-bedroom home
  • Stripped back and ready for refurbishment
  • Ideal builder/developer project
  • Potential for future income generation
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Henry Swain

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Property Description

LOCATION
In a busy tourist trading position, the subject premises are located at the junction of Fore Street and Broad Street. The property is close to the Ropery Road and Cove public car parks and is within the vicinity of public houses, restaurants and within only a few yards walking distance of the harbour and Ilfracombe Pier. The resort is North Devon’s largest tourist centre, offering a host of facilities including beaches, parklands, attractive coastal walks and on the outskirts of town is a popular golf course. The world renowned artist Damien Hirst has given on loan to the town a statue called ‘Verity’ which is located on the pier and has attracted many more day visitors to the area.

THE PROPERTY
This very attractive town house now has residential planning for converting the front part into accommodation. Plans are available for inspection at Webbers Commercial. The rear section has been sold off privately for commercial restaurant/cafe usage. The accommodation has been stripped back to stonework and timber uprights and beams in readiness for conversion, all now open plan and ideal to commence fitting out. Now only available due to other business commitments elsewhere the owner has now decided to sell this desirable piece of real estate close to the busy harbour. It is ideal as a builders/DIY project for private use as a private residence or potential holiday home with income generating potential. This property offers the potential for six bedrooms, with six rooms above ground floor level that can be converted into bedrooms. Additionally, there are two rooms on the ground floor with residential planning permission, and approval to build an extension for an additional bedroom. This makes it a potential six bedroom house with the option to extend further.

PLANNING
For planning history quote reference 76829 on the North Devon District Council Planning Portal. Planning was approved on the 17th of May 2023 for the conversion of the existing two flats to a single three bedroom apartment at first, second and third floor and part change of use of ground floor to allow for Use Class E. Commercial use on the ground floor, suitable for a variety of trades, subject to any necessary planning consent. See also 79009 Conversion of existing two flats to single three bedroom apartment at first, second and third floor; with change of use of ground floor to residential as previously approved and extension to create first floor incidental to the approved single three bedroom apartment.

SERVICES
Mains electricity, water and drainage. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING
Strictly by appointment through the selling agents.

RATEABLE VALUE
£8,300 As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website. Small Business Rate Relief (up to 100%) may apply for properties with a Rateable Value below £12,000, subject to eligibility and local authority assessment.

COUNCIL TAX BAND
TBA

LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.

Key Information

Tenure:

Freehold

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