This property is no longer on the market
Restaurant
Property description & features
- Tenure: Freehold
- Hele Corn Mill is a unique 16th century watermill in North Devon
- Located just 300m from stunning Hele Bay Beach
- Valuable home and income opportunity
- Character working mill and museum
- Tearoom and tea gardens
- Delightful 2 bedroom cottage
- For sale as a going concern
Within a short walk of the beach, the property is located in the popular village and community of Hele Bay on the eastern outskirts of Ilfracombe within 1 mile of the town. This popular community offers a host of facilities including a pub, garage with mini supermarket and sheltered cove. In addition there is the famous Hillsborough coastal footpath and parkland and is an area of natural beauty. Also nearby is a caravan park which attracts many visitors and ultimately customers to the Cornmill. There is a large car park close to the beach and a public footpath dissects the premises between the tearoom/cottage on one side and The Mill on the other. This in itself increases customers to the Mill stopping for cream teas. The property is just off the main road giving access to Hele Bay and beyond to Combe Martin and near-by is Ilfracombe Golf Club.
THE PROPERTY
This is an original 16th Century Watermill which has been magnificently restored and now operates as a working watermill and tourist attraction with a wealth of information and interesting machinery to view. Indeed the Old Mill is the only working watermill in North Devon and was restored in 1974. There is a wealth of information and local history displayed in the Mill relating to the use of property. Opposite the Watermill is the 2 bedroom character cottage and adjoining this is a 25 seater tearoom and tea gardens providing in all around 110 seats.
The cottage is believed to have been converted in around 1996 and provides a first floor lounge and first floor bedroom, ground floor kitchen/diner, second bedroom, bathroom/WC. This cottage is used as a holiday let but previous owners of the Mill have lived here on site. The cornmill has accommodation on 3 levels and also operates as a free to enter Museum with many original artefacts and items of machinery. The original water wheel is operated from the leat.
The current owner built an open plan covered tea garden and a disabled toilet for customers use. The entire property is approached from its own private (part shared) driveway and within the curtilage there is private parking and a pleasant orchard and tea garden. Opposite the private drive are 3 intercommunicating workshops/stores as well as a single garage with up and over door.
Part of these buildings now operates as a small audio visual room where customers can watch a video of the history of this working Mill. The other parts are currently used as a petting shed for rabbits but could be used for a number of purposes.
THE BUSINESS
This business has been carefully and lovingly developed by the current owners who have created a popular venue for homemade cream teas and light lunches including cakes made with flour from the Mill itself.
Takings are around £67,000 per annum from catering and the capacity to earn £17,000 per annum from holiday letting the cottage.
Previous owners have operated the business as a Mill and Pottery. Alternatively the property could quite easily be converted to self-catering cottages by converting the Mill to residential as well as the tearoom, all subject to planning consent and listed building consent.
The business has its own website:
Rooms
THE OLD MILL
GROUND FLOOR MUSEUM AREA 7.4m x 3.91m
ENGINE ROOM 5.54m x 3.91m
INTERNAL WHEEL AND COG WHEEL ROOM 5.56m x 4.14m
MUSEUM ROOM 8.48m x 3.96m
FIRST FLOOR
AREA BEYOND MUSEUM ROOM 5.77m x 3.96m
SECOND FLOOR
Accessed via a steep staircase.
ATTIC ROOM 2.64m x 3.15m
Steps down to:
PRIVATE OFFICE 3.15m x 2.82m
TEAROOM 7.3m x 5.94m
Adjoining the cottage. Having comfortable seating for 20-25 customers. Outside there is a newly created covered seating area and a customer cloakroom.
COTTAGE
ENTRANCE PORCH
KITCHEN/DINER
Kitchen area with balcony overlooking the stream, wooden work surfaces and cupboards, free standing cooker and extractor hood.
SHOWER ROOM/WC
With built-in shower cubicle, Mira Sports fitted shower, a low level toilet, pedestal wash hand basin, two heated towel rails, bath, part tiled walls and small under stairs cupboard.
BEDROOM 2 2.44m x 3.07m
FIRST FLOOR
OPEN PLAN LOUNGE 6m x 2.5m
With triple aspect windows, airing cupboard, fitted wall shelves and wood burning stove.
PRINCIPAL BEDROOM 1 3.05m x 4.1m
OUTSIDE
The property is approached from its own private (part shared) gravelled driveway and on the left hand side at the top of the driveway is located a range workshops/stores.
STORE ROOM 1 6.96m x 3.02m
STORE ROOM 2 3.48m x 3.28m
Adjoining Store Room 1.
STORE ROOM 3 3.43m x 3.25m
SELF CONTAINED GARAGE 5.13m x 2.8m
TEA GARDEN AND ORCHARD
A lawned area with attractive mature shrubs and trees.
UTILITY ROOM
POTTING SHED TEA ROOM 6.1m x 2.18m
Access beyond to leat and former Mill Pond. Decking and access to viewing platform for main water wheel.
AGENTS NOTE
A public footpath runs through the driveway and between the cottage and the mill. The property is being offered comprehensively equipped subject to trade inventory including all artefacts and working machinery of the mill and restaurant equipment excluding those items of a personal nature. Any stock must be purchased at valuation.
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
£6,100 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
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