Asking price
£450,000
Fore Street, Ilfracombe, EX34
Property for sale
Key Features
- Formerly two 12th century fisherman’s cottages
- Tastefully modernised and extended
- 26 Covers plus 6 seats at the cosy bar
- Delightful 3 bedrooms owners accommodation
- Large tiered terraced gardens to rear with far reaching views
- The business is for sale as a going concern
- Takings circa £85,000 p/a with scope to increase
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Property Description
LOCATION
In one of Ilfracombe's oldest streets, namely Fore Street which meanders gently down to the harbour from the High Street.
The property is at the lower end and opposite a pathway that connects to the car park in Ropery Road and therefore is easily accessible to The Quay, Harbour, Pier and Beaches.
Ilfracombe is the largest resort in North Devon with a population of around 12,000 inhabitants which is boosted throughout the year with the influx of tourists. Recent inward investment to the town includes the construction of a new Water Sports Centre at Larkstone Cove due for completion in August 2022.
In addition the world renowned artist Damien Hirst has placed a statue called 'Verity' on the pier which attracts many more day visitors.
THE PROPERTY
Formerly two fisherman's cottages this Grade II Listed 12th century building has been lovingly restored and modernised throughout. With a long standing reputation as a catering venue known for many years as 'The Ancient Mariner' then as an Italian restaurant, in recent years the business has flourished as Relish Bar & Bistro.
With character accommodation providing a cosy seating to the ground floor with a bar servery, a well-equipped commercial kitchen and upstairs is a modernised comfortable 3 bedroom (one en-suite) owner’s accommodation.
In addition to the rear are three tiers of private gardens enjoying an open outlook with views of the Capstone Hill on the seafront, Lantern Hill on the Pier, Hillsborough and the sea.
THE BUSINESS
This licenced restaurant opens from March to January, mainly in the evenings and trading at around £85,000 turnover per annum. The business was acquired some 10 years ago by the current owner and has been modernised throughout providing a very comfortable home and income.
Key Information
Tenure:
Freehold
Council Tax:
A
VIEWING:
Strictly by appointment through the selling agents.
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