Shop for sale

Wilder Road, Ilfracombe, Devon, EX34

£39,950

Property Description

Full description

Tenure: Leasehold

THE PROPERTY
The premises comprise of a ground floor leasehold lock up retail unit of approximately 547 sq ft in total with the benefit of a staff cloakroom and storage area. The property is end terraced and we are offering for sale the ground floor only.

LOCATION
The premises are located on the main approach road to the seafront within approximately 200 yards of the first set of traffic lights from the town after approaching the town from Barnstaple. The property is opposite a launderette and within level walking distance of the seafront and close to Wilder Road car park, therefore very accessible fronting the main road and ideal for passing customers.

Ilfracombe has a population of some 10,500 inhabitants boosted during the summer with the influx of tourists. The town is fast becoming a premier destination and in recent years developments have included the construction of the new Landmark theatre, the enhancement and refurbishment of the pier and Quay Head. In addition the international renowned artist Damien Hirst has acquired a property on the main quay and converted the premises into a premier restaurant. A consequence of this has been to obtain maximum publicity in the national press through editorial for the resort and placed the town on the map.

TENURE
The premises are held on the balance of a 21 year lease granted in July 2006 at a current rent payable of £8,000 per annum on full repair and insuring terms. An incoming tenant will need to provide the usual bank and trade references for landlord's approval.

THE BUSINESS
Open seven days a week, this business is easily operated by a couple and currently is under the supervision of a family with one part time worker as and when required. The shop opens 8:00am till 10:00pm Monday to Saturday and 9:00am till 10:00pm on Sunday. It is a general store, off licence, tobacconist and confectionery also selling grocery items and some stationery.

We have been advised that the takings are between £7,000 to £8,000 per week (subject to verification). The business will be offered comprehensively equipped subject to trade inventory and stock will have to be purchased for an additional sum.

The accommodation briefly comprises (all measurements approximate) -

GROUND FLOOR

MAIN SHOP 26' x 15' 9" ( 7.92m x 4.80m )
With a range of shelving including several chilled display cabinets, 1 Walls ice cream freezer, numerous shelving to walls, central display gondolas, main counter with electric till.

REAR RETAIL AREA 9' 8" x 13' 10" ( 2.95m x 4.22m )

SMALL STOCK ROOM 5' 4" x 9' 8" ( 1.63m x 2.95m )

OUTSIDE
Covered yard with staff wc.

RATEABLE VALUE
We have been advised that the premises have been assessed as follows:
Rateable Value £2,150 pa
UBR as at Apr 2013 47.1p 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.

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

More information from this agent

Nearest station

  • Barnstaple (9.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Ilfracombe

48 High Street, Ilfracombe, Devon, EX34 9QB

03339 873600 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Barnstaple (9.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Webbers Property Services, Ilfracombe

48 High Street, Ilfracombe, Devon, EX34 9QB

03339 873600 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference ILF120239. 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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