6-7 Market Street, Ilfracombe EX34

6-7 Market Street, Ilfracombe EX34

22 Bedroom | Freehold | Holiday Complex

Guide price £250,000
Ilfracombe 0.1 miles
Fire Station 4.2 miles
Sands 4.5 miles

Former hotel with 22 bedrooms (11 with en-suite facilities) for sale in a prime location within this seaside town. 2-bedroom owner’s accommodation at lower ground floor. Potential to convert the property into residential apartments, subject to gaining the relevant consents.

LOCATION
Marlborough Hotel is located in the centre of Ilfracombe, within walking distance of the beach and the towns facilities which include; supermarkets, restaurants, harbour and a primary and secondary school. In addition, the independent West Buckland School near Barnstaple is 20 miles away. Boat trips are available to book from the harbour including a ferry service to Lundy Island.

The North Devon coastline is renowned for its excellent surfing beaches at Woolacombe, Croyde and Saunton Sands, all within easy reach of the property. The South West Coastal Path runs through Ilfracombe which provides uninterrupted clifftop walks along the picturesque coastline.

Tourist attractions in North Devon include the former fishing village of Clovelly, RHS Garden Rosemoor at Great Torrington plus The Big Sheep and The Milky Way Adventure Park at nearby Bideford. The National Trust properties of Arlington Court and Knightshayes Court make ideal daytrips. Exmoor National Park with its enhanced public access is extremely popular with walkers, cyclists and horse riders. Lynton
and Lynmouth with its funicular railway, Doone Valley and Dunster with its Castle and original yarn market are popular attractions.

PROPERTY
The hotel was shut down by North Devon council in the summer of 2022 and at the time the property was being used as a House in Multiple Occupation (HMO). The property provides two interlinked premises that has previously traded as a hotel. At lower ground floor there is a 2-bedroom owner’s accommodation plus a bar, dining room and the former commercial kitchens.

The gardens are mainly laid to patio and enclosed with gates out to a path which leads to Wilder Road. It should be noted there is no parking with the property due to its location within the town centre.

METHOD OF SALE
The property is offered for sale by private treaty.

TENURE & POSSESSION
The freehold interest is offered for sale at a guide price of £250,000 with vacant possession available on completion.

LOCAL AUTHORITIES
North Devon District Council
www.northdevon.gov.uk

EPC RATING
Awaited.

VIEWINGS
Strictly by appointment with agents Carter Jonas - Taunton office.

The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.

To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.

Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Their wholesale interest rates can be lower than retail (bank branch) interest rates
  • They offer more loan options because they work with numerous banks and lenders
  • They can finance tricky deals because of their knowledge and various lending partners
  • They are typically easier to get in contact with, and are less bureaucratic.

However advantages of working with your bank are:

  • You may be able to build off an existing relationship (and gain discounts if you have a checking or savings account)
  • You may already know the banker who will handle your mortgage
  • Banks may be more accountable than a smaller shop
  • They may offer lower interest rates in some cases
  • Their ability to add mortgage to existing banking profile and make automatic payments from linked account.

When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Once you’ve found a property you want to buy, it’s time to make an offer. A bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.

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Combined with nearly 170 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how Carter Jonas can help you make your next move.

Key property details
Additional attributes
Holiday Complex
Tenure
Freehold
Carter Jonas reference
TAU220084
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