Ilfracombe, Devon, EX34

LOCATION
In a busy tourist trading position, the subject premises are located at the junction of Fore Street and Broad Street, backing onto the Cove car park which overlooks the picturesque harbour and adjoining the Ilfracombe Lifeboat Station on one side and a residential cottage on the other. The property is close to the Ropery Road car park and is within the vicinity of public houses, restaurants and within only a few yards walking distance of the harbour and Ilfracombe pier. The resort is North Devon’s largest tourist centre, offering a host of facilities including beaches, parklands, attractive coastal walks and on the outskirts of town is a popular golf course. The world renowned artist Damien Hirst has given on loan to the town a statue called ‘Verity’ which is located on the pier and has attracted many more day visitors to the area. The town has also built a reputation as an arts centre and catering venue and indeed there are now several art galleries in the resort.

THE PROPERTY
The premises comprise of a substantial part of a commercial property being the rear of 13 Broad Street. The owner has decided to sell the large adjoining barn which has been used recently as an ice cream parlour. It has an open exposed interior beams to the underside of the roof and unused area which has the potential to make a much larger retail unit/restaurant etc. There is planning consent for an additional access door and large windows on the side of the property. The owner has a pavement license outside for 12 seats running until September 2026. We have been advised by the vendor that as a small business rates have been exempt and the current rateable value covers the whole of the ground floor. We would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.

AGENTS NOTE
The owner is retaining the front of the building for residential conversion. The rear part is for sale off an asking price of £200,000 and all serious offers will be considered. Rental proposals may also be put forward to the owner. The property is in a conservation area.

SERVICES
Mains electricity, water and drainage. 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

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
We have been advised by the vendor that Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000. We would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure.

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.