This property is no longer on the market
Restaurant
Property description & features
- Tenure: Freehold
- Close to Ilfracombe harbour
- Seafront commercial property
- Modernised throughout
- Splendid 2 bedroom apartment
- Ground floor has been let most recently as a café
- All to be vacant
- Excellent home and income opportunity
- Services: All mains connected
The premises are located on the right hand side of St. James Place, a busy pedestrian and vehicular thoroughfare and connects the seafront to the harbour in the popular resort of Ilfracombe.
The town is quite rightly recognised as the holiday centre of North Devon and provides a host of amenities including beaches, tennis courts, parklands and on the outskirts of town there is a golf course.
The property is within level walking distance of the seafront as well as the picturesque harbour and adjoins The Ocean Backpackers on one side and a takeaway on the other. Recent inward investment into the town by the Council includes a new water sports centre at Larkstone Beach.
The town has a population of around 11,000 inhabitants which is boosted throughout the year with the influx of tourists.
THE PREMISES
The property comprises of a ground floor coffee shop, providing a bar servery and store with inner room for private functions and cloakroom off. This coffee shop has most recently been let out on a short term lease at a rental of £6,000 per annum but is now available with vacant possession.
The upper floors have been modernised to a high standard and now offer at the first floor half landing a bathroom/WC and off the main landing an open plan lounge/diner with fully fitted kitchen with breakfast bar and built in fridge freezer, cooker and gas hob with extractor over and access to a sun deck. Upstairs on the second floor are two bedrooms one with en-suite shower room/WC. The apartment has gas fired radiator central heating. The current owners have used the apartment for holiday lets but this would be a fine home.
AGENTS NOTE
The upper floors have been ran in recent times as a successful holiday apartment and has been managed by the owners and Marsden’s letting agency. This arrangement could be utilised by a new owner.
Rooms
GROUND FLOOR
LOCK UP SHOP 3.78m x 5.97m
Incorporating servery counter.
LOBBY
CLOAKROOM
FIRST FLOOR
BATHROOM WC
LOUNGE/DINER 5.44m x 3.15m
KITCHEN 3.23m x 2.95m
With fitted breakfast bar, fitted work tops with built in gas hob and vent over fitted oven, double bowl sink unit, further fitted work tops with wall cupboards over and built in upright fridge freezer. Door to rear small sun deck.
SECOND FLOOR
Landing with built in cupboard.
BEDROOM ONE 4.17m x 3.07m
With en-suite shower room/WC.
BEDROOM TWO 3.2m x 2.84m
SERVICES
All mains connected.
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
For the cafe: £4,200
For the apartment: £4,725 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.
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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Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 6, 2022
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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
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Energy Performance data and Internal floor area
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