Asking price

£449,950

St. James Place, Ilfracombe, EX34

Catering for sale

Catering, Holiday Lets

Key Features

  • 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
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Tony Foster

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Property Description

LOCATION
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: www.theantidoteilfracombe.co.uk

Key Information

Tenure:

Freehold

VIEWING:

Strictly by appointment through the selling agents.

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