This property is no longer on the market
Restaurant
Property description & features
- Tenure: Freehold
- Grade II listed harbour cottage
- Well maintained and nicely presented character cottage
- Views from the rear upper floors of the harbour & cove
- Café seating for 28 customers
- 3 Bedroom cosy living quarters above
- First time to the market in 25 years
- Genuine retirement sale
In a busy tourist location close to the harbour in Ilfracombe, North Devon's premier resort. The property is directly opposite the former Bus Station (hence the name) which is now a busy public car park. On one side is a public house and beyond is a sandwich bar.
The property has direct views of part of the picturesque harbour and cove from the upper floors.
The town is expanding with a new housing development soon to be built on the southern fringes. In addition the North Devon District Council have invested in a new water sports Centre at Lark stone due to be completed in Summer 2022. The pier and harbour are the main tourist spot in the town and the world renown artist Damien Hirst has built a statue called 'Verity' on the Pier which has become a major tourist attraction.
THE PROPERTY
Now available due to retirement after many happy years in the same ownership since 1987. This property is a Grade II listed terraced well maintained and cosy character cottage with the ground floor providing a cafe and kitchen area. There is access directly off Broad Street as well as pedestrian shared access to The Strand and Cove car park beyond. The upper floors provide a cosy 3 bedroom owners accommodation. We strongly recommend early viewing of this valuable commercial property as it is a rare opportunity to join the close knit harbour community. The property could also be converted back to a cosy cottage on the ground floor, subject to planning permission for change of use.
THE BUSINESS POTENTIAL
Now closed due to owner retirement, the business was well established for many years and was frequented by fishermen, locals and tourists alike and is well known for its hearty breakfasts and snacks.
It is considered that this business could easily be re-instated. It used to be open 7 days a week from 8.00 am till 3.00 pm, with obvious scope to extend opening hours to increase trade.
Rooms
CAFE 3.35m x 5.23m
Ample seating for 28 customers in two rows of pews with window to the front overlooks Broad Street and the car park. Part panel walls, 6 wall mounted fitted mirrors and 6 double wall light points. Open tread staircase to upper floors with a door to the rear yard and beyond, pedestrian access over shared alleyway to The Strand and Cove car park.
KITCHEN 4.62m x 2.57m
Of irregular shape.
With double aspect windows to private rear yard.
FIRST FLOOR
CLOAKROOM
BATHROOM/WC
SECOND FLOOR
LOUNGE 3.35m x 3.96m
With attractive exposed feature brick wall.
KITCHEN 3.35m x 3.07m
With window views of the cove and harbour. Fully fitted laminated base units with matching wall cupboards, built in cupboard with water cylinder, single drainer sink unit and space for a cooker.
BEDROOM ONE 3.35m x 3.45m
Windows to front overlooking Broad Street with feature ceiling beams and 4 wall light points.
THIRD FLOOR
BEDROOM TWO 3.35m x 2.87m
Windows to front overlooking Broad Street with under eaves storage and built in wardrobe.
BEDROOM THREE 3.35m x 3.66m
Window to rear affording views of the harbour and cove and built in wardrobe.
OUTSIDE
The premises has pavement frontage onto Broad Street. It may be possible to arrange with the local council to have a licence for seating outside for up to 25/30 customers, please contact them for clarification. To the rear is shared pathway access from the property to The Strand and Cove car park beyond. Whilst there is no parking with the cottage many locals rent a space at Cheyne Beach car park from the Council.
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
£3,200 UBR, as of April 2017, 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
A
WANT TO KNOW MORE?
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