Land to the North of Market Square, Ilfracombe EX34 9AU

JLL as advisors are pleased to present a unique development opportunity at the Land on the North Side of Market Square, Ilfracombe, EX34 9AU. Situated in the heart of Ilfracombe, a historic Victorian seaside town on the stunning north Devon coast, this prime site offers a compelling value-add investment opportunity.

The property is a cleared development site encompassing approximately 0.25 acres (0.10 hectares), with sea views from its highest points. It benefits from full planning consent for an 81-bedroom hotel across five storeys, totaling 36,683 sq ft (3,408 sq m). The hotel's design efficiently utilizes the sloping topography, aligning with surrounding architecture to enhance its presence in this bustling town center.

Strategically positioned between Avenue Road and Market Street, the site is at a pivotal junction between the vibrant town center and Ilfracombe’s picturesque seafront, including its historic harbour and Damien Hirst’s iconic Verity sculpture. The location ensures high foot traffic and accessibility, further boosted by nearby parking facilities with over 350 spaces.

This proposition comes as the UK hotel sector flourishes, with the South West region experiencing a monumental 360% surge in deal volumes. Ilfracombe’s charm as a tourist destination and its limited hotel provisions present a rare opportunity for investors seeking to capitalize on the area’s ongoing boom in staycations and premium coastal tourism. The town’s lack of new developments also indicates robust demand for residential and care home projects, highlighting the site’s potential for diversified investment.