St. James Place, Ilfracombe, Devon, EX34

LOCATION
In a prime tourist spot located between the seafront and the harbour of this popular resort. The property is ideally placed to take full advantage of the tourist trade, being close to the pier and beaches. In addition the property benefits from a private car park to the rear for 4 vehicles.

THE PROPERTY
This is a large much improved end terraced property which the current owners acquired about three years ago but are now selling due to other retail business commitments (not related to hospitality). The owners have installed a new boiler heating system and re-decorated throughout since they took over this well-established business. In recent years the property has operated as a youth hostel with an income of around £120,000 per annum.
There are 13 bedrooms that cater for up to 45 guests as a hostel or the rooms could be arranged as 8 letting bedrooms on the first and second floor and the top floor for an owner’s apartment.

THE BUSINESS
Available as a thriving youth hostel or could revert easily back to a bed & breakfast establishment or alternatively as Air B&B/possible conversion of the upper floors into three apartments, subject to planning. The ground floor could be used for catering, retail or even as an art gallery, again subject to any necessary planning. Every assistance will be made available for a smooth takeover and full details of the business operation are available upon request, subject to the owner’s approval.