*Ingoing Premium of 39,950* This is a L/H lock-up general store/off licence/tobacconist/confectionery shop comprising 547 sq ft + staff WC and store area. EPC EXEMPT. Read more
*Ingoing Premium of 39,950* This is a L/H lock-up general store/off licence/tobacconist/confectionery shop comprising 547 sq ft + staff WC and store area. EPC EXEMPT.
THE PROPERTY The premises comprise of a ground floor leasehold lock up retail unit of approximately 547 sq ft in total with the benefit of a staff cloakroom and storage area.The property is end terraced and we are offering for sale the ground floor only.
LOCATION The premises are located on the main approach road to the seafront within approximately 200 yards of the first set of traffic lights from the town after approaching the town from Barnstaple.The property is opposite a launderette and within level walking distance of the seafront and close to Wilder Road car park, therefore very accessible fronting the main road and ideal for passing customers.
Ilfracombe has a population of some 10,500 inhabitants boosted during the summer with the influx of tourists.The town is fast becoming a premier destination and in recent years developments have included the construction of the new Landmark theatre, the enhancement and refurbishment of the pier and Quay Head.In addition the international renowned artist Damien Hirst has acquired a property on the main quay and converted the premises into a premier restaurant.A consequence of this has been to obtain maximum publicity in the national press through editorial for the resort and placed the town on the map.
TENURE The premises are held on the balance of a 21 year lease granted in July 2006 at a current rent payable of £8,000 per annum on full repair and insuring terms. With an ingoing premium of £39,950. An incoming tenant will need to provide the usual bank and trade references for landlord's approval.
THE BUSINESS Open seven days a week, this business is easily operated by a couple and currently is under the supervision of a family with one part time worker as and when required.The shop opens 8:00am till 10:00pm Monday to Saturday and 9:00am till 10:00pm on Sunday.It is a general store, off licence, tobacconist and confectionery also selling grocery items and some stationery.
We have been advised that the takings are between £7,000 to £8,000 per week (subject to verification).The business will be offered comprehensively equipped subject to trade inventory and stock will have to be purchased for an additional sum.
The accommodation briefly comprises:
MAIN SHOP26' x 15'9" (7.92m x 4.8m).With a range of shelving including several chilled display cabinets, 1 Walls ice cream freezer, numerous shelving to walls, central display gondolas, main counter with electric till.
REAR RETAIL AREA9'8" x 13'10" (2.95m x 4.22m).
SMALL STOCK ROOM5'4" x 9'8" (1.63m x 2.95m).
OUTSIDE Covered yard with staff WC.
RATEABLE VALUE £3,150 UBR, as of April 2018, 49.3p 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.
VIEWING Strictly by appointment through the selling agents.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC
WEBBERS DON'T JUST SELL HOUSES Established over 40 years ago our dedicated specialist Commercial Department deals in the sale and letting of all types of commercial property including Guest Houses, Hotels, Restaurants, Pubs, Holiday Complexes, General Businesses, Post Offices, Retail Businesses of all kinds, Shops, Offices, Investments and Industrial Premises. If this property does not suit visit our web site www.webberscommercial.co.uk or call our office on 01271 347888. For out of hours call our mobile number 07967 385228.
WANT TO KNOW MORE? We recognise that buying a property is a big commitment and, therefore, recommend that you visit the local authority website (contact the branch for details) and the following websites for more helpful information about the property and local area before proceeding. www.environment-agency.gov.uk www.landregistry.gov.uk www.gov.uk/green-deal-energy-saving-measures www.homeoffice.gov.uk www.ukradon.org www.fensa.org.uk www.nesltd.co.uk http://list.english-heritage.org.uk