House · EX39 3JQ
Listing removedListed 71 daysAuction 1 Sep · ended
Opportunity summary
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About
For sale by online auction - Lot 25 - Workshop Bidding opens: 01/09/2026 12:00 Auction scheduled to end: 03/09/2026 14:50 online auction from 1st - 3rd September Leasehold New 999 year lease on completion £1 ground rent A large double-height workshop forming part of the former council depot.
Solid concrete floor, exposed concrete frame, high-level windows and an overhead lifting beam rated 1 tonne. Full-height folding steel doors give direct vehicle access from Westcombe Lane.
Stores at upper level. Own entrance off the road. Versatile space suitable for a wide range of uses, subject to planning and consents. Location: Bideford, north Devon, on the Torridge estuary.
The A39 Atlantic Highway links to Barnstaple and Bude. Bideford town centre and the Tarka Trail are close by. Potential: Workshop, storage, trade or studio use.
Alternative commercial or leisure uses, subject to planning and consents.
Suited to: An owner-occupier business wanting a large, well-accessed workshop on a long lease, or an investor or developer taking on a versatile unit in a north Devon town.
Key facts: New 999 year lease granted on completion, £1 ground rent. Vacant possession. Vehicle access direct from Westcombe Lane.
No planning permission is currently in place, and any proposed development or use would be subject to the relevant permissions and consents.
Tenure: Advised Leasehold - to be verified by solicitor Tenancies: To be sold with vacant possession
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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About Unit 3, Westcombe Lane, Bideford
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