No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£450,000
OnTheMarket > 14 days

Restaurant for sale

Fore Street, Ilfracombe, EX34
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Restaurant
0 bed
0 bath

Property description & features

  • Tenure: Freehold
  • Formerly two 12th century fisherman’s cottages
  • Tastefully modernised and extended
  • 26 Covers plus 6 seats at the cosy bar
  • Delightful 3 bedrooms owners accommodation
  • Large tiered terraced gardens to rear with far reaching views
  • The business is for sale as a going concern
  • Takings circa £85,000 p/a with scope to increase
LOCATION
In one of Ilfracombe's oldest streets, namely Fore Street which meanders gently down to the harbour from the High Street.
The property is at the lower end and opposite a pathway that connects to the car park in Ropery Road and therefore is easily accessible to The Quay, Harbour, Pier and Beaches.
Ilfracombe is the largest resort in North Devon with a population of around 12,000 inhabitants which is boosted throughout the year with the influx of tourists. Recent inward investment to the town includes the construction of a new Water Sports Centre at Larkstone Cove due for completion in August 2022.
In addition the world renowned artist Damien Hirst has placed a statue called 'Verity' on the pier which attracts many more day visitors.

THE PROPERTY
Formerly two fisherman's cottages this Grade II Listed 12th century building has been lovingly restored and modernised throughout. With a long standing reputation as a catering venue known for many years as 'The Ancient Mariner' then as an Italian restaurant, in recent years the business has flourished as Relish Bar & Bistro.
With character accommodation providing a cosy seating to the ground floor with a bar servery, a well-equipped commercial kitchen and upstairs is a modernised comfortable 3 bedroom (one en-suite) owner’s accommodation.
In addition to the rear are three tiers of private gardens enjoying an open outlook with views of the Capstone Hill on the seafront, Lantern Hill on the Pier, Hillsborough and the sea.

THE BUSINESS
This licenced restaurant opens from March to January, mainly in the evenings and trading at around £85,000 turnover per annum. The business was acquired some 10 years ago by the current owner and has been modernised throughout providing a very comfortable home and income.

Rooms

Ground Floor 8.86m x 5.3m

Bar Lounge Area 5.3m x 4.14m

Front Restaurant 5m x 3.3m

Rear Restaurant 3.76m x 4.06m
Olde worlde stone fireplace. Doors to hallway and rear lobby.

Lobby 1.65m x 0.2m
With built in cupboard.

Gents Cloakroom

Ladies Cloakroom

Store 1m x 2.46m

Commercial Kitchen 5.61m x 3.66m
The kitchen is fully fitted and equipped, subject to trade inventory, excluding those items of a personal nature.

First Floor

Owners Accommodation

Open Plan Lounge 5.46m x 5m

Kitchen/Breakfast Room 4.04m x 3.66m
The kitchen is fully fitted and equipped, subject to inventory, excluding those items of a personal nature.

Shower Room WC

Bedroom 1 3.38m x 2.92m

Bedroom 2 3.15m x 2.24m

Bedroom 3 4.1m x 2.44m

OUTSIDE
Three tier rear terraced garden enjoying an open outlook over the town. Lower tier has a Spanish style courtyard with white washed walls, astro turf steps to the middle terrace with decking, far reaching open outlook and views to Capstone and fencing steps to the top tier decked sun patio with fencing, far reaching views of Lantern Hill, Hillsborough and the sea.

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
£2,650 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?
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

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    Established in 1924, Webbers estate agents are a national award winning, independent estate agency, voted in the Top 3 estate agents in the UK for customer service in 2014. We have 16 West Country offices for residential sales & lettings in North Devon, West Somerset, Exmoor and Cornwall. Our exclusive Fine & Country marketing enables us to put our property in Park Lane, right in the heart of London, offering fabulous market exposure. In addition, with specialist departments for Commercial Property, Survey & Professional and New Homes, we deliver a comprehensive property service, with an enviable reputation as professionals in property. Ilfracombe is a bustling seaside town with curious coastal charm located on the rugged North Devon coastline.  The town boasts a population of around 12,500 inhabitants and has predominantly Victorian and Edwardian architecture although there are a lot more post war and modern properties towards the edge of the town.  Facilities within the area include a variety of small shops with larger supermarkets including Tesco, Co-op and Lidl along with a good selection of restaurants and bars.  There are infant, primary and secondary schools, the 'Landmark' theatre and cinema and a picturesque sea front with its working harbour and various beaches including the famous hand carved 'Tunnels' beach. Office and Staff The Webbers Ilfracombe office is managed by Lee Husell, a local resident all his life, and has an experienced team of 9 trained staff.  Collectively we have 100 years of Estate Agency knowledge and are the towns longest established Estate Agent having opened in the summer of 1969.   We don't just offer houses for sale in Ilfracombe, we offer residential sales and lettings of all kinds which include Fine and Country, Signature Homes, New Homes Sales and auctions as well as commercial sales, survey and professional, financial services and conveyance partners.  We are selected members of the Homesale Network giving us extensive relocation services across the UK.  As an office, we are regular winners of the company 'Office of the year' award and pride ourselves on a high level of customer service and performance.

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    Property reference COM220071. 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

    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

    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

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    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.