St James Place, Ilfracombe, Devon, EX34
- PROPERTY TYPE
House
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Genuine retirement sale
- Wonderful home with income opportunity
- Business investment
- High foot fall
- Highly rated catering venue
- Popular bar with inside and outside seating
- Fully equipped going concern
- Quality bar fittings
- Very nicely presented owners apartment
- Additional accommodation
Description
Enviable and eye catching location facing west along Ilfracombe seafront in the heart of this popular thriving resort. The property overlooks the promenade, Capstone pleasure gardens, the crazy golf course and is within easy reach of the harbour and all holiday amenities.
THE PROPERTY
This large Victorian property is currently arranged as three units. On the ground floor is the busy restaurant with seating for 24 customers inside and with 32 customers outside as well as having a fully equipped kitchen and store room behind.
The luxuriously appointed apartments have their own entrance doors which can be accessed from an internal communal lobby to the side of the property.
The first floor provides a modernised gas centrally heated 2 bedroom apartment, all on one level.
The two upper floors provide a spacious modernised 3 bedroom maisonette with gas central heating and is well presented throughout.
There are views of the esplanade and sea beyond at Wildersmouth Beach the sunsets are spectacular!
To the rear of the first floor is a patio bordering Capstone Hill gardens.
The apartments can be used as at present for owners' accommodation plus an annexe or alternatively could be used as owners' accommodation and as a potential holiday let providing a supplementary income. Parking is available for one vehicle.
The ground floor may also convert to apartments subject to planning permission if required.
Alternatively there is opportunity to rent out the ground floor as a commercial units with the potential rent of £15,000 per annum as well as income by letting one apartment as a holiday let and living in the spacious maisonette on the upper floors.
Viewing of this property is highly recommended.
THE BUSINESS
A well respected restaurant with a loyal local and tourist customer base.
Takings circa £159,500 per annum (NET OF VAT), accounts to genuine buyers only.
Visit the business website:
GROUND FLOOR
BAR
3.66m x 9.83m
Views across the esplanade, double aspect windows, fully fitted bar servery, two way door access and split level area. All equipment included excluding personal items. Internal seating for 24, external seating with glass surround and brick paved patio as well as chill out lounge area outside and seating for 32 customers.
SNUG LOUNGE
3.9m x 2.77m
With bay window, esplanade views and attractive seating area.
INNER HALLWAY
With gents and ladies cloakrooms.
COMMERCIAL KITCHEN
4.65m x 3.7m
Comprehensively equipped, stainless steel single drainer sink unit with double bowl, wash basin, double deep fat fryer, Blueseal Griddle, oven combo with 4 hob cooker, microwaves, stainless steel work tops and extractor unit.
COMMUNAL HALLWAY
3.53m x 1.22m
Door to outside, door to internal communal hallways, landing access and steps to:
REAR STORAGE AREA
5.97m x 3.25m
This room is used for dry food store, refrigerators and wine store.
PRIVATE APARTMENTS
FIRST FLOOR APARTMENT
INNER HALLWAY
LOUNGE
3.05m x 4m
With bay window, double aspect windows with esplanade and sea views and radiator.
KITCHEN DINER
3.68m x 3.4m
Open plan area with bay window affording esplanade views, radiator, fully fitted kitchen area and steps up to:
BEDROOM TWO
3.45m x 3.07m
With radiator and door to fire exit.
BATHROOM WC
3.45m x 1.22m
With three piece suite.
BEDROOM ONE
4.01m x 2.67m
With radiator and built in wardrobes.
SECOND FLOOR APARTMENT
OPEN PLAN STAIRCASE TO FIRST FLOOR
LOUNGE AREA
6.15m x 3.15m
Double aspect views and bay window with extensive esplanade vista and sea visible. Radiators access to:
CLOAKROOM
OPEN PLAN KITCHEN/DINER
6.3m x 4.04m
With bay window enjoying views over the esplanade, fully fitted kitchen, radiator, door to private large rear sun terrace adjoining Capstone Hill.
STAIRS TO THIRD FLOOR
This staircase leads from the open plan main lounge to:
LANDING
BATHROOM WC
2.74m x 2.29m
With a modern three piece suite.
BEDROOM ONE
3.48m x 4m
With radiator, dormer window and views of esplanade.
BEDROOM TWO
4.14m x 3.07m
With radiator, dormer window with sea and esplanade views.
BEDROOM THREE
4.1m x 2.26m
With radiator and dormer window with esplanade views.
OUTSIDE
Parking for one vehicle, brick paved outside seating with glass surround for 32 customers and rear roof top patio as described above.
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
£5,800 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
First Floor - Band A Second Floor - Band B
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 . For out of hours call our mobile number .
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
ParticularsEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
St James Place, Ilfracombe, Devon, EX34
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Barnstaple Station9.8 miles
About the agent
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.
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference COM230046. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers Property Services, Ilfracombe. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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