This property is no longer on the market
Restaurant
Property description & features
- Tenure: Freehold
- Genuine retirement sale
- Long established family business
- Fish and chip shop takeaway plus restaurant
- Large 4 bedroom apartment over
- Takings circa £550,000
- New lease for sale or freehold for sale
This double fronted commercial property is located in a busy tourist position between the seafront and Ilfracombe's picturesque harbour.
The property is close to The Strand and Cheyne Beaches and there is a large public car park in Ropery Road.
The premises are located in St. James' Place adjoining nearby retailers include gift shops, jewellers and in the vicinity there are a number of guest houses and hotels. Ilfracombe has a population of approximately 12,000 inhabitants which is boosted during the summer months with an influx of tourists.
On the pier the world renowned artist Damien 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.
Whilst there is no parking with the property, residents living in the area can apply for a parking permit from the Council at an additional cost.
THE PROPERTY
The premises comprise of 2 interlinked commercial properties; on the right hand side to the ground floor is a 38 seater licensed restaurant and on the left hand side is the fish and chip shop takeaway with 4 bedroom living quarters above both properties.
The premises are linked at 1st and 2nd floors and there are 2 staircases, 2 bathrooms as well as customer cloakrooms.
The upper floors have been tastefully renovated into a modern 4 bed family home with a fully fitted kitchen, large through lounge and a large bedroom to the 2nd floor.
The shops are pavement fronting and whilst there is no garden or yard to the rear, there are ample parklands nearby at Capstone Hill and local residents can apply for a private parking permit for the car park to the rear of The Quay at Cheyne Beach Car Park via the council.
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 parties who have viewed the property.
Takings circa £550,000 p/a.
The business will be offered fully furnished as a going concern and the apartment will be vacant.
Rooms
GROUND FLOOR
TAKEAWAY 6.05m x 5.18m
With gas fired 3-pan Preston & Thomas firing range, counter servery, hatch to main road serving hot dogs and extractor fan.
POTATO PEELING ROOM 1.93m x 1.4m
PREPARATION ROOM 3.05m x 2.51m
RESTAURANT 6.25m x 5.2m
(38 Covers). Fully furnished and equipped with a range of matching dining tables and chairs, hatch serving from rear kitchen and hatch from takeaway.
KITCHEN 3.45m x 2.64m
With single drainer sink unit, dishwasher and coffee machine.
FIRST FLOOR
Accessed from the ground floor takeaway.
HALF LANDING
STAFF WC
MAIN LANDING
STAFF ROOM/FORMER PRIVATE KITCHEN 3.53m x 2.92m
With Baxi boiler and single drainer sink unit.
LOUNGE 5.2m x 3.78m
With bay window and feature fireplace.
KITCHEN 5.23m x 3.8m
With bay window, single drainer sink unit, cooker hood extractor fan and window overlooking St. James' Place.
REAR LANDING
CUSTOMER CLOAKROOM
Accessed via staircase from ground floor restaurant.
INNER LANDING
With access to storage area.
SECOND FLOOR
PRIVATE BATHROOM
With 3-piece suite.
BEDROOM ONE 3.12m x 2.77m
BEDROOM TWO 3.25m x 2.84m
BEDROOM THREE 3.05m x 2.08m
BEDROOM FOUR 5.4m x 3.07m
With ample space to create an en-suite bathroom, if required.
OUTSIDE
Both properties have pavement fronting onto the main road. There are no gardens or storage areas at the rear. The premises operate as one business.
RATEABLE VALUE
We understand from the vendor that they currently pay £0 in business rates however we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.
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 agent
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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