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COMMERCIAL

St. James Place, Ilfracombe, Devon, EX34

£595,000
Webbers Property Services, Ilfracombe
PROPERTY TYPE

Commercial Property

SIZE

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Key features

  • Established independent hostel
  • For sale as a going concern
  • 13 Rooms and space for 45 guests
  • Car park to the rear for 4 vehicles
  • Much improved & modernised
  • New CH boiler within the last 3 years
  • Turnover circa £120,000 per annum
  • Run under management
  • Excellent business with enviable reputation

Description

LOCATION
In a prime tourist spot located between the seafront and the harbour of this popular resort. The property is ideally placed to take full advantage of the tourist trade, being close to the pier and beaches. In addition the property benefits from a private car park to the rear for 4 vehicles.

THE PROPERTY
This is a large much improved end terraced property which the current owners acquired about three years ago but are now selling due to other retail business commitments (not related to hospitality). The owners have installed a new boiler heating system and re-decorated throughout since they took over this well-established business. In recent years the property has operated as a youth hostel with an income of around £120,000 per annum.
There are 13 bedrooms that cater for up to 45 guests as a hostel or the rooms could be arranged as 8 letting bedrooms on the first and second floor and the top floor for an owner’s apartment.

THE BUSINESS
Available as a thriving independent hostel or could revert easily back to a bed & breakfast establishment or alternatively as Air B&B/possible conversion of the upper floors into three apartments, subject to planning. The ground floor could be used for catering, retail or even as an art gallery, again subject to any necessary planning. Every assistance will be made available for a smooth takeover and full details of the business operation are available upon request, subject to the owner’s approval.

AGENTS NOTE
The property is in a conservation area. There are solar panels at the property, we have been advised by the vendors that they are owned outright. A small flying freehold exists to the rear, as the house backing onto the kitchen has access to the flat roof over. The property is pavement fronting onto St James Place where on the right hand side a timber door gives access to a small side patio. There are car parking spaces for 4 vehicles.

LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
From Webbers Ilfracombe Office turn left and proceed right along the High Street towards Fore Street. This is a meandering street that flows down to the harbour and is access only. At the bottom of the road at the junction with Broad Street turn left and proceed straight past the car park and opposite the RNLI charity shop is St James Place. The property may be found half way along on the left just before the Church.

GROUND FLOOR

ENTRANCE HALL

With reception desk and door to:

UNDERSTAIRS OFFICE

LOUNGE

5.18m x 3.84m

(Former cafe). With double windows and central doorway to outside. Steps up to:

SPLIT LEVEL DINING AREA

7.92m x 4.14m

With separate cloakroom in the corner. Door to:

COMMERCIAL KITCHEN

6.3m x 4.11m

Comprehensively equipped. Separate cloakroom off. Door to outside.

STEPS DOWN TO: BASEMENT & LAUNDRY AREA

(Accessed from car park).With central heating boiler and solar panel control.

GROUND FLOOR CONTINUED

Bedroom One sleeps 5

3.5m x 3.91m

With en-suite shower room WC. This room could also be used as another ground floor lounge for guests.

STAIRS TO FIRST FLOOR

MAIN LANDING

With seperate WC.

BEDROOM TWO (SLEEPS FAMILY OF 4)

3.05m x 2.95m

With en-suite bathroom WC.

BEDROOM THREE (SINGLE)

Used as Managers Room

MAIN LANDING

With store room.

BEDROOM FOUR (sleeps 8)

5.4m x 3.45m

With radiator.

BEDROOM FIVE (sleeps 5)

3.94m x 4.52m

With en-suite bathroom WC.

STAIRS TO SECOND FLOOR

BEDROOM SIX (DOUBLE)

3.91m x 2.67m

With en-suite bathroom WC.

BEDROOM SEVEN (SLEEPS FAMILY OF 5)

3.48m x 5.33m

With en-suite shower room WC.

BEDROOM NINE (DOUBLE)

2.82m x 4.04m

With pedestal wash hand basin, en-suite shower room WC and views of the seafront towards the sea.

BEDROOM EIGHT (FAMILY ROOM)

3.63m x 4.37m

With en-suite shower room WC and wash hand basin in the main bedroom.

STAIRS TO THIRD FLOOR

This floor was used in the past as a private owners apartment and could easily be used again as a private suite.

LANDING

With entrance to roof space.

KITCHEN

2.84m x 4.11m

With double aspect windows with views to the rear.

MAIN LANDING CONTINUED

With shower room WC.

SEPARATE BATHROOM WC

BEDROOM TEN (FAMILY ROOM)

4.57m x 3.15m

Double aspect room.

BEDROOM ELEVEN (sleeps 4)

4.7m x 3.15m

With double aspect windows.

BEDROOM TWELVE (SINGLE ROOM)

2.29m x 3.66m

With skylight.

BEDROOM THIRTEEN (DOUBLE ROOM)

2.72m x 4.11m

With excellent views of the seafront with the sea visible.

OUTSIDE

The property is pavement fronting onto St James Place where on the right hand side a timber door gives access to a small side patio. Car parking spaces for 4 vehicles.

AGENTS NOTE

A small flying freehold exists to the rear, as the house backing onto the kitchen has access to the flat roof over.

SERVICES

All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting

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

£6,700 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

To be advised.

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

Particulars

St. James Place, Ilfracombe, Devon, EX34

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Barnstaple Station9.7 miles
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About Webbers Property Services, Ilfracombe

48 High Street, Ilfracombe, Devon, EX34 9QB
Industry affiliations:

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.

Notes

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Disclaimer - Property reference BAR240281. 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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