St. James Corner House, St. James Place, Ilfracombe, Devon, EX34

LOCATION
At one of the best tourist trading locations in North Devon on a bold corner pitch this lock-up jewellery business is within yards of Ilfracombe's picturesque harbour.
With a long frontage and window display looking out to St. James Place which connects the seafront to the pier and is opposite an art gallery and various other traders which include a fashion shop, gift shop and restaurants. Public car parks are nearby as are the beaches at the harbour, Wildersmouth and Larkstone. The town is experiencing a resurgence with a new water sports centre, Premier Inns have started to develop a site for a new hotel and the ever-popular statue 'Verity' on the harbour was loaned to the town by the world famous artist Damien Hirst and attracts many day visitors.

THE PREMISES
This kiosk style shop offers around 200 sq ft of retail space and is ideal for the business of a jewellers. Having a high ceiling and bespoke multiple matching glass fronted secure display cases around the shop and storage cabinets below, the layout is perfect to display valuable rings, watches, costume jewellery and the like. There are two counters and excellent window displays in four large window spaces. There is no staff cloakroom but public toilets are located nearby on the pier.

THE BUSINESS
Having been in the same family for three generations this is the first time this valuable shop has come into the market for a number of years. The business is operated by the owner and two members of staff on a seasonal basis. Takings are as follows: year-end April 2020: £200,000, 2021: £182,000 and 2022: £247,000 all with consistently high adjusted net profits. Full details are available upon request after inspection of the property and subject to owner’s approval.

BUSINESS RATES
£3,850 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.