Restaurant for sale in High Street, Ilfracombe, Devon, EX34

PROPERTY TYPE: Restaurant
SIZE: Ask agent

Key features

Substantial High Street property
Prime location
46 Seater licenced restaurant
Large 5 bedroom owners accommodation
2 bathrooms and 2 fitted kitchens
Ladies and gents cloakrooms
Rear courtyard and dual access
For sale as a going concern
Would suit 2 family occupation

Description

LOCATION
In a prime High Street trading location within the very heart of Ilfracombe, North Devon's main holiday resort. The town is expanding with a new southern development of around 350 houses due soon. 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. Ilfracombe has many beaches, a picturesque harbour, parks, municipal gardens and soon to be completed in August 2022 a new Water sports Centre at Larkstone Bay.

THE PROPERTY
An exceptional example of Victorian architecture this Grade II listed family home boasts large rooms with high ceilings and plenty of natural light. 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.
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.
The property has gas fired central heating and the business is for sale as a going concern.

THE BUSINESS
Operating as a restaurant since 1995, this long established catering business is utilised now as a Chinese restaurant and takeaway. There are 46 covers which includes the function room (now used as a beauticians but could easily convert back to catering use).
Details of trade and opening hours will be made available to genuine buyers after inspection.

GROUND FLOOR RECESSED PORCH

RESTAURANT

13.1m x 8m

Rear width narrows to 13' 4". Fitted with dining furniture with covers for 30 customers plus bar servery and counter.

FUNCTION ROOM

4.83m x 4.01m

This room was a function room but has most recently been used as a nail bar and beauticians. PLEASE NOTE THERE IS A FLYING FREEHOLD ABOVE THIS ROOM.

CLOAKROOMS

Lobby with access to ladies cloakroom having low level toilet and lobby with wash hand basin. Mens cloakroom having 2 urinals and lobby with wash hand basin and cloakroom with low level toilet.

STOREROOM

COMMERCIAL KITCHEN

4.65m x 4.04m

Equipped subject to inventory excluding personal items.

PRIVATE REAR STAIRCASE

PRIVATE ACCOMMODATION - FIRST FLOOR

LOUNGE

10.13m x 4.01m

Window to front overlooking the High Street. With internal stairs to the upper floor.

INNER LOBBY

4.32m x 5.36m

Incorporates a built in boiler cupboard.

BATHROOM WC

With three piece suite.

DINING ROOM

4.67m x 4.37m

With views to private courtyard.

KITCHEN

5.28m x 2.84m

Extensive range of laminated work surfaces, cupboards and drawers under, sink unit etc. Door to private enclosed courtyard.

STAIRS TO SECOND FLOOR

With large central landing.

BATHROOM WC

3.84m x 3.58m

With four piece suite including bidet, wash basin, bath, low level toilet and shower cubicle.

BEDROOM ONE

4.37m x 4.04m

STAIRS TO THE TOP FLOOR

BEDROOM TWO

4.27m x 3.96m

BEDROOM THREE

3.94m x 4.5m

REAR ELEVATION - SECOND FLOOR

BEDROOM FOUR

5.28m x 2.95m

BEDROOM FIVE

4.83m x 4.5m

With door to rear elevated walkway giving pedestrian access to Tarry Lane and thereafter the High Street .

VAT

We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

VIEWING

Strictly by appointment through the selling agents.

RATEABLE VALUE

£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.

COUNCIL TAX BAND

WEBBERS DO NOT JUST SELL HOUSES

Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site or call our office on .

WANT TO KNOW MORE?

We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding.

Brochures

Particulars

About the agent

Webbers Property Services, Ilfracombe

48 High Street, Ilfracombe, Devon, EX34 9QB

$Webbers Property Services, Ilfracombe$

Ilfracombe is located on the uppermost tip of the North Devon Coast and is a popular tourist destination. The population is approximately 12,000 swelling to well above this figure during the busy summer months.

More properties from this agent