Asking price

£675,000

St James Place, Ilfracombe, Devon, EX34

Public house for sale

Public House, Catering, Other Business

Key Features

  • Genuine retirement sale
  • Wonderful home with income opportunity
  • Business investment
  • High foot fall
  • Highly rated catering venue
  • Popular bar with inside and outside seating
  • Fully equipped going concern
  • Quality bar fittings
  • Very nicely presented owners apartment
  • Additional accommodation
  • Rear roof terrace and car parking space
Click to View Brochure

Get the Property i-PACK for this property: COM210038

Get a complete overview of the property, allowing you to make more informed decisions. View i-Pack

nego-img

Tony Foster

Whether you'd like to book a viewing, or need additional info, I'm here to help.

Property Description

LOCATION
Enviable and eye catching location facing west along Ilfracombe seafront in the heart of this popular thriving resort. The property overlooks the promenade, Capstone pleasure gardens, the crazy golf course and is within easy reach of the harbour and all holiday amenities.

THE PROPERTY
This large Victorian property is currently arranged as three units. On the ground floor is the busy restaurant with seating for 24 customers inside and with 32 customers outside as well as having a fully equipped kitchen and store room behind.
The luxuriously appointed apartments have their own entrance doors which can be accessed from an internal communal lobby to the side of the property.
The first floor provides a modernised gas centrally heated 2 bedroom apartment, all on one level.
The two upper floors provide a spacious modernised 3 bedroom maisonette with gas central heating and is well presented throughout.
There are views of the esplanade and sea beyond at Wildersmouth Beach the sunsets are spectacular!
To the rear of the first floor is a patio bordering Capstone Hill gardens.
The apartments can be used as at present for owners' accommodation plus an annexe or alternatively could be used as owners' accommodation and as a potential holiday let providing a supplementary income. Parking is available for one vehicle.
The ground floor may also convert to apartments subject to planning permission if required.
Alternatively there is opportunity to rent out the ground floor as a commercial units with the potential rent of £15,000 per annum as well as income by letting one apartment as a holiday let and living in the spacious maisonette on the upper floors.
Viewing of this property is highly recommended.

THE BUSINESS
A well respected restaurant with a loyal local and tourist customer base.

Takings circa £159,500 per annum (NET OF VAT), accounts to genuine buyers only.

Visit the business website: www.seafoodrestaurantilfracombe.co.uk

Key Information

Tenure:

Freehold

Council Tax:

B

VIEWING:

Strictly by appointment through the selling agents.

Similar Properties Alerts

Get notified when similar properties to this come on the market.

Create email alert

Mortgage Advice

Whether you need a mortgage or advice, we're here to help.

Speak to an advisor

Conveyancing Quote

Receive a no-sale no-fee quote from our trusted local lawyer.

Get your quote now