High Street, Ilfracombe, Devon, EX34

LOCATION
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 a 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.

SERVICES AND UTILITIES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk

BUSINESS RATES
£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.

VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.

LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.

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 buyer’s responsibility.