Restaurant for sale

LOCATION
This double fronted commercial property is located in a busy tourist position between the seafront and Ilfracombe's picturesque Harbour. The premises are located in St. James' Place with nearby retailers including gift shops, jewellers, cafes and restaurants.
Ilfracombe has a population of approximately 12,000 inhabitants which is boosted during the summer months with an influx of tourists. On the seafront the world renowned artist Damian Hirst has erected a statue called 'Verity' on the pier which is on loan to the local council and has attracted many more visitors to the resort.

THE PROPERTY
The premises comprise of two interlinked commercial properties; on the right hand side on the ground floor is a 34 seater licensed restaurant with 4 bedroom living quarters across both properties and on the left hand side on the ground floor is the fish and chip shop takeaway. Both premises are linked at first and second floors and there are two staircases, two bathrooms as well as a customer cloakroom. The upper floors have been tastefully renovated into a modern 4 bedroom family home with a kitchen, large through lounge and a large bedroom to the second floor which could easily accommodate an en-suite bathroom.
The shops are pavement fronting and whilst there is no garden to the rear, there are ample parklands nearby at Capstone Hill and local residents can apply for a local authority private parking permit for the car park to the rear of The Quay at Cheyne Beach Car Park.

THE BUSINESS
Open 7 days a week throughout the year this business has a good local and tourist trade. Operated by a proprietor with staffing levels to suit the time of year. Full accounts will be made available to those seriously interested partied who have viewed the property. The business will be offered fully furnished as a going concern and the apartment will be vacant.

AGENTS NOTE
This property is in a conservation area.

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
£8,700 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
C

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.