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Retail Property for Sale near the Combe Martin, UK

Explore the Latest Combe Martin Retail Properties for Sale

Retail Properties for Sale Within 5 miles of the Combe Martin, UK

More details for 111 High St, Ilfracombe - Retail for Sale

111 High St

Ilfracombe, EX34 9ET

  • Retail for Sale
  • £350,000
  • 1,435 sq ft
  • Security System

Ilfracombe Retail for Sale

LOCATION<br />In a prime High Street trading location within the very heart of Ilfracombe, North Devon's main holiday resort.<br /><br />The town is expanding with a new southern development of around 350 houses due soon. <br /><br />In addition the resort has become a favourite with day trippers visiting to see 'Verity' the statue on the pier made by the well know artist Damien Hirst. <br /><br />Ilfracombe has many beaches, a picturesque harbour, parks, municipal gardens and a Water Sports Centre at Larkstone Bay. <br /><br />THE PROPERTY<br />An exceptional example of Victorian architecture this Grade II listed family home boasts large rooms with high ceilings and plenty of natural light. <br /><br />There is a 46 seater licenced restaurant (30 seats in the main restaurant and the option of an additional 16 seats in the function room, which is currently being utilised as a beauticians) and cloakrooms as well as commercial kitchen to the ground floor. <br /><br />Across the upper floors is the 5 bedroom owner’s accommodation that would easily suit two families as there is a rear second floor pedestrian access to Tarry Lane. <br /><br />The property has gas fired central heating and the business is for sale as a going concern. <br /><br />THE BUSINESS<br />Operating as a restaurant since 1995, this long established catering business is utilised now as a Chinese restaurant and takeaway. <br /><br />There are 46 covers which includes the function room (now used as a beauticians but could easily convert back to catering use). <br /><br />Details of trade and opening hours will be made available to genuine buyers after inspection.<br /><br />SERVICES AND UTILITIES <br />All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting <br />BUSINESS RATES <br />£7,600 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000.<br /><br />VAT<br />We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.<br /><br />LEGAL ADVICE <br />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.<br /><br />PLANNING <br />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.<br />From Webbers Offices in Ilfracombe High Street cross over the road and head to the left along the the road, walking past the traffic lights. The premises are on the same side directly opposite the Post Office.

Contact:

Webbers

Date on Market:

28/03/2025

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More details for 50 High St, Ilfracombe - Retail for Sale

50 High St

Ilfracombe, EX34 9QB

  • Retail for Sale
  • £65,000
  • 788 sq ft
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FAQs about Retail property for sale in Combe Martin

See All Retail Spaces For Sale
How many Retail Property listings are available for sale in Combe Martin?
There are currently 1 Retail Properties available for sale near Combe Martin. These Combe Martin Retail Property listings have an average size of. The largest available listing in Combe Martin is. The thriving commercial centre and excellent transport links in Combe Martin make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in Combe Martin?
The average price/SF for Retail Property for sale in Combe Martin is about. The cost per sq ft for Retail Property in Combe Martin ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in Combe Martin?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in Combe Martin?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in Combe Martin is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the Combe Martin, UK

With 1 retail units currently available for sale in Combe Martin, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in Combe Martin, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in Combe Martin, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in Combe Martin can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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