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Area stats2 bedroom property for sale
Key information
Features and description
- Close to the harbour, quay, beaches and car parks
- A successful licenced restaurant
- High score on Trip Advisor - Number one in the resort
- 16 Covers fully equipped commercial kitchen
- Takings just under the VAT threshold with vast scope to increase
- Two boutique en-suite letting bedrooms
- Unique second floor open plan apartment
- All tastefully decorated and modernised
- For sale as a going concern
- Services: All mains connected
Video tours
Close to the picturesque harbour, beaches and quayside at Ilfracombe, this property is ideally placed for passing trade.
Nearby are car parks at The Pier, Cove and Ropery Road. The property adjoins an art gallery and faces the main approach road to the harbour.
Ilfracombe has an enviable reputation and is often referred to as the 'jewel in the crown' of North Devon being the major tourist centre for the region.
In recent years the well know artist Damien Hirst has given on loan a statue called 'Verity' to the town and this has attracted many thousands of day visitors to the area.
THE PROPERTY
We strongly recommend that you must view this property to appreciate the standard of modernisation that the building has undergone in recent years. The owner has arranged the first floor into two spacious boutique en-suite bed & breakfast rooms, one having its own roof top patio to the rear. The ground floor is a self-contained 16 seater licence restaurant which has established an enviable reputation being number one on Trip Advisor. The top floor has been completely overhauled with exposed roof beams as a high floor to roof A-framed room with open plan living space and timber framed mezzanine bedroom. The property has large gas fired industrial style radiators.
THE BUSINESS
The Antidote provides superb modern British food with hand selected wines and is a sophisticated place in which to enjoy with friends. This is a family run business with proprietor chef. The current opening hours are: Wednesday to Saturday 6pm to 10pm. Open all year with the exception of August when they close through choice. Turnover is just below the VAT level of £85,000 with vast scope to increase. The upper floors have been used as a B&B/holiday let or could all be arranged as private accommodation. Business website:
PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyers responsibility
Rooms
Ground Floor
Restaurant 7.4m x 4.62m
Double fronted window with 16 seats and bar servery.
Kitchen 4.37m x 2.2m
Fully equipped throughout subject to trade inventory and excluding any personal items.
Cloakroom 1.14m x 2.95m
L-Shaped with low level toilet and wash hand basin.
Entrance Hall
Stairs to First Floor
Bedroom One (Front) 3.58m x 3.68m
En-Suite Shower Room/WC 1.24m x 2.29m
Bedroom Two (Rear) 3.35m x 3.7m
With open plane short flight of stairs down to the en-suite, built in cupboard and door to small private roof top patio.
En-Suite Shower Room/WC 3.18m x 2.6m
Stairs to Second Floor
Shower Room/WC 3.23m x 2.54m
For the sole use of the apartment.
Second Floor Open Plan Apartment 7m x 5.82m
Incorporates open plan timber stairs to mezzanine bedroom with balustrade surround. The main room has usual work surfaces, sink unit, electric cooker hob and exposed A-framed ceiling beams. This is a most spacious and delightful living space.
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
£7,000 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.
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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