Restaurant for sale
Property description & features
- Tenure: Freehold
- Substantial High Street property
- Prime location
- 46 Seater licenced restaurant
- Large 5 bedroom owners accommodation
- 2 bathrooms and 2 fitted kitchens
- Ladies and gents cloakrooms
- Rear courtyard and dual access
- For sale as a going concern
- Would suit 2 family occupation
In a prime High Street trading location within the very heart of Ilfracombe, North Devon's main holiday resort. The town is expanding with a new southern development of around 350 houses due soon. In addition the resort has become a favourite with day trippers visiting to see 'Verity' the statue on the pier made by the well know artist Damien Hirst. Ilfracombe has many beaches, a picturesque harbour, parks, municipal gardens and soon to be completed in August 2022 a new Water sports Centre at Larkstone Bay.
THE PROPERTY
An exceptional example of Victorian architecture this Grade II listed family home boasts large rooms with high ceilings and plenty of natural light. There is a 46 seater licenced restaurant (30 seats in the main restaurant and the option of an additional 16 seats in the function room, which is currently being utilised as a beauticians) and cloakrooms as well as commercial kitchen to the ground floor.
Across the upper floors is the 5 bedroom owner’s accommodation that would easily suit two families as there is a rear second floor pedestrian access to Tarry Lane.
The property has gas fired central heating and the business is for sale as a going concern.
THE BUSINESS
Operating as a restaurant since 1995, this long established catering business is utilised now as a Chinese restaurant and takeaway. There are 46 covers which includes the function room (now used as a beauticians but could easily convert back to catering use).
Details of trade and opening hours will be made available to genuine buyers after inspection.
Rooms
GROUND FLOOR RECESSED PORCH
RESTAURANT 13.1m x 8m
Rear width narrows to 13' 4". Fitted with dining furniture with covers for 30 customers plus bar servery and counter.
FUNCTION ROOM 4.83m x 4.01m
This room was a function room but has most recently been used as a nail bar and beauticians. PLEASE NOTE THERE IS A FLYING FREEHOLD ABOVE THIS ROOM.
CLOAKROOMS
Lobby with access to ladies cloakroom having low level toilet and lobby with wash hand basin. Mens cloakroom having 2 urinals and lobby with wash hand basin and cloakroom with low level toilet.
STOREROOM
COMMERCIAL KITCHEN 4.65m x 4.04m
Equipped subject to inventory excluding personal items.
PRIVATE REAR STAIRCASE
PRIVATE ACCOMMODATION - FIRST FLOOR
LOUNGE 10.13m x 4.01m
Window to front overlooking the High Street. With internal stairs to the upper floor.
INNER LOBBY 4.32m x 5.36m
Incorporates a built in boiler cupboard.
BATHROOM WC
With three piece suite.
DINING ROOM 4.67m x 4.37m
With views to private courtyard.
KITCHEN 5.28m x 2.84m
Extensive range of laminated work surfaces, cupboards and drawers under, sink unit etc. Door to private enclosed courtyard.
STAIRS TO SECOND FLOOR
With large central landing.
BATHROOM WC 3.84m x 3.58m
With four piece suite including bidet, wash basin, bath, low level toilet and shower cubicle.
BEDROOM ONE 4.37m x 4.04m
STAIRS TO THE TOP FLOOR
BEDROOM TWO 4.27m x 3.96m
BEDROOM THREE 3.94m x 4.5m
REAR ELEVATION - SECOND FLOOR
BEDROOM FOUR 5.28m x 2.95m
BEDROOM FIVE 4.83m x 4.5m
With door to rear elevated walkway giving pedestrian access to Tarry Lane and thereafter the High Street .
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
£7,600 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
A
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.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference COM220042. 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: obtained from Ofcom on February 18, 2023
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: obtained from Ofcom on February 18, 2023
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.