* Freehold
* Commercial Sale
* 8/9 Flats Plus Shops & Storage
* Popular Costal Location
* Available Immediately
* Great Investment Opportunity
* Parking nearby by - permits available from nddc
A huge investment opportunity comprising 8/9 x seaside apartments, 2 x large
frontage shops, a large workshop and storage all within a imposing freehold
building overlooking the bay at Combe Martin
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.

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