Restaurant for sale
Property description & features
- Tenure: Freehold
- For sale via online auction
- Ground floor lock up café with a first floor one bedroom apartment and two floors of offices over
- Sold with vacant possession
AUCTION ENDS FRIDAY 31ST OF JANUARY 2025 AT 12 NOON
LOCATION
The premises occupy a busy town centre trading position fronting onto the western approach into the High Street. The premises are close to a zebra crossing and is highly visible in the centre of the town with a layby outside and is close to a service station.
Ilfracombe is North Devon's leading resort having a population in the region of 10,500 inhabitants which is boosted with the influx of tourists
THE PROPERTY
This former café, first floor flat and 2nd & 3rd floor are available for sale via online auction. The premises comprise of a ground floor lock-up former café/shop circa 585 sq ft with a cloakroom and kitchen plus a large rear courtyard with outside cloakroom and storage, a first floor one bedroom flat, to the second floor are two offices circa 318 sq ft, plus two cloakrooms and store. On the third floor are three further offices circa 462 sq ft. This property will be sold with vacant possession.
THE PROPOSAL
The property is available for sale by online auction at a guide price of £175,000. Next door at 96 High Street is also available separately for sale via auction for a guide price of £100,000.
SOLICITORS
For the legal pack contact the owners’ solicitors: Brewer Harding & Rowe Solicitors Stuart Tansley
68 Caen Street, Braunton, Devon, EX33 1AA [use Contact Agent Button] [use Contact Agent Button]
TRADITIONAL ONLINE AUCTION INFORMATION
Please note: This property is for sale by traditional online auction. This means that exchange will occur when the online timer reaches zero (provided the seller's reserve price has been met or exceeded). The winning buyer will be legally obliged to purchase the property at this price.
PRICING INFORMATION
The guide price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the guide price amount. Webbers and Bamboo Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail. Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
BUYERS PREMIUM & OTHER CHARGES
The winning buyer is charged a sum of £5,000. From this a buyer’s fee of £3,300 plus VAT is retained by Webbers/Bamboo Auctions as a contribution towards online platform costs and £1,040 is payable towards the purchase price. On completion the buyer will pay the sum of £XXX (inclusive of VAT) to the seller’s solicitors in reimbursement of search fees.
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 our Webbers Ilfracombe office cross the road and turn right. You will find 97 High Street on your left. It’s a short walk, approximately 1 minute away.
Rooms
GROUND FLOOR - 97 HIGH STREET
CAFE/SHOP 5.8m x 5.8m
REAR SECTION 5.38m x 3.84m
INNER HALLWAY
STAFF CLOAKROOM
KITCHEN 3.99m x 2.84m
PATIO GARDEN
OUTSIDE CLOAKROOM
STORE
FIRST FLOOR - FLAT
SECOND FLOOR
OFFICE 4.57m x 4.47m
OFFICE 3.35m x 2.64m
LADIES & GENTS CLOAKROOMS
KITCHEN
THIRD FLOOR
OFFICE 4.95m x 3.25m
OFFICE 4.57m x 3.4m
OFFICE 2.51m x 3.05m
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
£5,900 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.
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.
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*DISCLAIMER
Property reference COM230138. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Webbers - Ilfracombe.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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