Borough Road, Combe Martin
- PROPERTY TYPE
Character Property
- BEDROOMS
15
- BATHROOMS
9
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Commercial Sale
- 8/9 Flats Plus Shops & Storage
- Popular Costal Location
- Available Immediately
- Great Investment Opportunity
- Parking nearby by- permits available from NDDC
Description
The opportunity to purchase or lease 1-2 Borough Road the freehold is available to purchase at £1.65 million. Which comprises a variety of investment seaside apartments, ground floor shops in prominent positions, along with workshop space and further store.
FREEHOLD SALE the property is available as freehold and lease option. The freehold option would be to purchase the property for £1.65 million and take over the whole building, 'lock stock and barrel'. The seller is giving a secondary option to lease the property or a part by part lease at separate negotiation, please contact our negotiators for more information.
THE LEASE of a prominent and imposing character building with eight letting apartments, as well as two commercial units is available for negotiation. We are seeking interest in renting the entire building on a sublease arrangement that will enable interested parties to sublet should they wish and rent the property for holidays or as a full-time residence on AST’s.
THE OPPERTUNITY to take over this successful holiday rental business is available in a prime location near Combe Martins Cove with panoramic views of the sea. It consists of eight apartments with one to two bedrooms, as well as two large commercial premises with large window displays. There is one large lockable workshop. Additional units may be developed on the site subject to internal changes and development at the leasee's expense.
The apartments are decorated to a high standard and fully equipped with kitchens and bathrooms and can be rented on a short-term or long-term basis. It is hoped that this project will allow the leasee to establish a successful holiday business within a beautiful building close to the coast of North Devon without having the initial out lay of purchasing the property.
An overview of the proposal
Tenancy for at least three years with the option to sublet. The rent is £22,400 per quarter, rising RPI annually. Total use of the building as you wish. Purchase of freehold is available at £1.65m or a deferred purchase also negotiable if there is a desire to improve the property.
Brochures
Borough Road, Combe Martin- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Borough Road, Combe Martin
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnstaple Station9.2 miles
About the agent
Phillips, Smith & Dunn, Braunton
7 The Square Braunton EX33 2JD
Phillips Smith & Dunn are one of the longest established independent estate agents in North Devon. With a personal and professional approach we pride ourselves in offering the highest quality of customer service and care.
We have a number of prominent offices covering the whole of North Devon from the rugged coast line to rolling countryside, West Exmoor and the Taw and Torridge valleys.
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 32825620. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Phillips, Smith & Dunn, Braunton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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