High Street, Ilfracombe, Devon

Restaurant for sale in Devon

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

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 43' (13.1m) x 26'3" (8m) narrowing to 17'8" (5.38m). Rear width narrows to 13' 4". Fitted with dining furniture with covers for 30 customers plus bar servery and counter.

FUNCTION ROOM 15'10" x 13'2" (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 15'3" x 13'3" (4.65m x 4.04m). Equipped subject to inventory excluding personal items.

PRIVATE REAR STAIRCASE

PRIVATE ACCOMMODATION - FIRST FLOOR

LOUNGE 33'3" x 13'2" (10.13m x 4.01m). Window to front overlooking the High Street. With internal stairs to the upper floor.

INNER LOBBY 14'2" x 17'7" (4.32m x 5.36m). Incorporates a built in boiler cupboard.

BATHROOM WC    With three piece suite.

DINING ROOM 15'4" x 14'4" (4.67m x 4.37m). With views to private courtyard.

KITCHEN 17'4" x 9'4" (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 12'7" x 11'9" (3.84m x 3.58m). With four piece suite including bidet, wash basin, bath, low level toilet and shower cubicle.

BEDROOM ONE 14'4" x 13'3" (4.37m x 4.04m).

STAIRS TO THE TOP FLOOR

BEDROOM TWO 14' x 13' (4.27m x 3.96m).

BEDROOM THREE 12'11" x 14'9" (3.94m x 4.5m).

REAR ELEVATION - SECOND FLOOR

BEDROOM FOUR 17'4" x 9'8" (5.28m x 2.95m).

BEDROOM FIVE 15'10" x 14'9" (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    A

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 www.webberscommercial.co.uk or call our office on 01271 347888.

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.
www.environment-agency.gov.uk
www.landregistry.gov.uk
www.gov.uk/green-deal-energy-saving-measures
www.homeoffice.gov.uk
www.ukradon.org
www.fensa.org.uk
www.nesltd.co.uk
http://list.english-heritage.org.uk

Important information

This is a Freehold property.

Property Ref: 55837_COM220042

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