Restaurant for sale

St. James Place, Ilfracombe, Devon, EX34

£495,000

Property Description

Full description

Tenure: Freehold

LOCATION
This double fronted commercial property is located in a busy tourist position between the seafront and Ilfracombe's picturesque Harbour. the premises are located in St. James' Place adjoining a general store on one side and nearby retailers include gift shops, jewellers and in the vicinity there are a number of guest houses and hotels.

Ilfracombe has a population of approximately 10,500 inhabitants boosted during the summer months with the influx of tourists. Recent inward investment has included the construction of the Landmark Theatre, a Tesco supermarket on the outskirts of the town and a Lidl supermarket on the approach to the seafront. It is also hoped that in 2011 a new cross channel ferry service could be operational on a daily basis between Ilfracombe and Swansea, which, if it proceeds, would greatly increase the number of daytrippers to the town.

THE PROPERTY
The premises comprise of two interlinked commercial properties; on the right hand side on the ground floor is a 38 seater licensed restaurant with 4-bedroom living quarters across both properties and on the left hand side on the ground floor is the fish and chip shop takeaway. Both premises are linked at first and second floors and there are two staircases, two bathrooms as well a customer cloakrooms. The upper floors have been tastefully renovated into a modern 4-bedroom family home with newly fitted kitchen, large through lounge and a large bedroom to the second floor which could easily accommodate an ensuite bathroom.

The shops are pavement fronting and whilst there is no garden or yard to the rear, there are ample parklands nearby at Capstone Hill and local residents can apply for a local Authority private parking permit for the car park to the rear of The Quay at Cheyne Beach Car Park.

THE BUSINESS
Open 7 days a week throughout the year this business has a good local and tourist trade. Operated by a proprietor with staffing levels to suit the time of year. The trade turnover for the year end November 2014 was £299,000. Full accounts will be made available to those seriously interested partied who have viewed the property. The business will be offered fully furnished as a going concern and the apartment will be vacant.

The accommodation briefly comprises

MAIN TAKEAWAY 
27.69m x 5.18m
With gas fired 3-pan Preston & Thomas firing range, main counter servery, hatch to main road serving hot dogs, part tiled floor, extractor fan, usual price notice signs. Access to -

REAR POTATO PEELING ROOM 
1.93m x 1.4m

PREPARATION ROOM 
3.05m x 2.51m

GROUND FLOOR RESTAURANT 
6.25m x 5.2m
(38 covers). Fully furnished and equipped with a range of matching dining tables and chairs, hatch serving from rear kitchen and hatch from takeaway.

KITCHEN (REAR) 
3.45m x 2.64m
With single drainer sink unit, dishwasher, coffee machine. From the ground floor takeaway stairs leads to a -

FIRST FLOOR HALF LANDING 

STAFF BATHROOM 
With w.c.

MAIN LANDING 

STAFF ROOM/FORMER PRIVATE KITCHN 
3.53m x 2.92m
With Baxi boiler, single drainer sink unit

THROUGH LOUNGE 
5.2m x 3.78m
With radiator, bay window, feature fireplace

KITCHEN 
5.23m x 3.8m
With bay window, single drainer sink unit, cooker hood extractor fan, window overlooking St. James' Place.

REAR LANDING 

CUSTOMER CLOAKROOM 
Via staircase from ground floor restaurant

INNER LANDING 
With access to storage area

SECOND FLOOR LANDING 

PRIVATE BATHROOM 
With 3-piece suite

BEDROOM 1 
3.12m x 2.77m

BEDROOM 2 
3.25m x 2.84m

BEDROOM 3 
3.05m x 2.08m

BEDROOM 4 
5.4m x 3.07m
With ample space to create an ensuite bathroom, if required.

OUTSIDE 
Both properties have pavement front onto the main road. There are no gardens or storage areas at the rear. The premises operate as one business.

RATEABLE VALUE 

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 (9.7 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 (9.7 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.

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