MapShop
Featured
Shop
Features and description
- Tenure: Freehold
- Long established jewellery business
- Close to Ilfracombe harbour
- Bold corner location
- Excellent window display frontage
- Fully fitted shop
- For sale as a going concern
- Genuine retirement sale
- High takings
- Plus stock at valuation
Video tours
LOCATION
At one of the best tourist trading locations in North Devon on a bold corner pitch this lock-up jewellery business is within yards of Ilfracombe's picturesque harbour.
With a long frontage and window display looking out to St. James Place which connects the seafront to the pier and is opposite an art gallery and various other traders which include a fashion shop, gift shop and restaurants. Public car parks are nearby as are the beaches at the harbour, Wildersmouth and Larkstone. The town is experiencing a resurgence with a new water sports centre, Premier Inns have started to develop a site for a new hotel and the ever-popular statue 'Verity' on the harbour was loaned to the town by the world famous artist Damien Hirst and attracts many day visitors.
THE PREMISES
This kiosk style shop offers around 200 sq ft of retail space and is ideal for the business of a jewellers. Having a high ceiling and bespoke multiple matching glass fronted secure display cases around the shop and storage cabinets below, the layout is perfect to display valuable rings, watches, costume jewellery and the like. There are two counters and excellent window displays in four large window spaces. There is no staff cloakroom but public toilets are located nearby on the pier.
THE BUSINESS
Having been in the same family for three generations this is the first time this valuable shop has come into the market for a number of years. The business is operated by the owner and two members of staff on a seasonal basis. Takings are as follows: year-end April 2020: £200,000, 2021: £182,000 and 2022: £247,000 all with consistently high adjusted net profits. Full details are available upon request after inspection of the property and subject to owner’s approval.
BUSINESS RATES
£3,850 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.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
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.
At one of the best tourist trading locations in North Devon on a bold corner pitch this lock-up jewellery business is within yards of Ilfracombe's picturesque harbour.
With a long frontage and window display looking out to St. James Place which connects the seafront to the pier and is opposite an art gallery and various other traders which include a fashion shop, gift shop and restaurants. Public car parks are nearby as are the beaches at the harbour, Wildersmouth and Larkstone. The town is experiencing a resurgence with a new water sports centre, Premier Inns have started to develop a site for a new hotel and the ever-popular statue 'Verity' on the harbour was loaned to the town by the world famous artist Damien Hirst and attracts many day visitors.
THE PREMISES
This kiosk style shop offers around 200 sq ft of retail space and is ideal for the business of a jewellers. Having a high ceiling and bespoke multiple matching glass fronted secure display cases around the shop and storage cabinets below, the layout is perfect to display valuable rings, watches, costume jewellery and the like. There are two counters and excellent window displays in four large window spaces. There is no staff cloakroom but public toilets are located nearby on the pier.
THE BUSINESS
Having been in the same family for three generations this is the first time this valuable shop has come into the market for a number of years. The business is operated by the owner and two members of staff on a seasonal basis. Takings are as follows: year-end April 2020: £200,000, 2021: £182,000 and 2022: £247,000 all with consistently high adjusted net profits. Full details are available upon request after inspection of the property and subject to owner’s approval.
BUSINESS RATES
£3,850 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.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
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.
Rooms
SHOP 6.86m x 5.08m
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
To be advised.
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.
Property information from this agent
About this agent
Established in 1924, Webbers estate agents are a national award-winning, independent estate agency, voted in the Top 3 estate agents in the UK for customer service in 2014. We have 16 West Country offices for residential sales & lettings in North Devon, West Somerset, Exmoor and Cornwall. Our exclusive Fine & Country marketing enables us to put our property in Park Lane, right in the heart of London, offering fabulous market exposure. In addition, with specialist departments for Commercial Property, Survey & Professional and New Homes, we deliver a comprehensive property service, with an enviable reputation as professionals in property. Ilfracombe is a bustling seaside town with curious coastal charm located on the rugged North Devon coastline. The town boasts a population of around 12,500 inhabitants and has predominantly Victorian and Edwardian architecture although there are a lot more post-war and modern properties towards the edge of the town. Facilities within the area include a variety of small shops with larger supermarkets including Tesco, Co-op and Lidl along with a good selection of restaurants and bars. There are infant, primary and secondary schools, the 'Landmark' theatre and cinema and a picturesque seafront with its working harbour and various beaches including the famous hand-carved 'Tunnels' beach.