*With an ingoing premium of 55,000* High St licenced restaurant with 62 covers c.1,200 sq ft + kitchen, cloakrooms and rooms below. Currently an Indian restaurant but suitable for any style. EPC Rating D. Read more
*With an ingoing premium of 55,000* High St licenced restaurant with 62 covers c.1,200 sq ft + kitchen, cloakrooms and rooms below. Currently an Indian restaurant but suitable for any style. EPC Rating D.
LOCATION In a prime High Street trading location, close to Barclays Bank, Natwest Bank and adjoining the Scope charity shop on one side and a small caf on the other.The premises are located in the centre of Ilfracombe High Street at the junction of Oxford Grove and the main High Street.At the lower part of Oxford Grove is a popular taxi rank and therefore are ideally placed for passing trade during the day and for evening trade.Ilfracombe is recognised as North Devon's leading tourist resort, having a population of approximately 12,000 inhabitants which is boosted during the summer months.
THE PROPERTY The premises comprise of a ground floor lock up retail unit, operating as a fully licenced Indian restaurant with a long frontage onto the main High Street and offering approximately 1,200 sq ft of space inside with 62 seats and a licenced bar.The main restaurant has a front section which is separated off for functions and there are gents and ladies cloakrooms and to the rear a large commercial kitchen.To the lower ground floor there are a number of rooms, two bathroom WCs and access to a rear garden with raised beds for growing herbs etc.
TENURE The premises will be offered on the basis of a lease with the current rent of £16,000 per annum for a term to be agreed.With an ingoing premium of £55,000.
THE BUSINESS The business currently operates as an Indian restaurant but could be utilised for any manner of restaurant style.The business currently opens Monday - Saturday 6pm-11.30pm and Sundays 6pm- 11am.It also offers a takeaway service.We understand the current trade has a six figure turnover and the restaurant equipment, bar fittings, furniture and kitchen equipment will be included within the sale subject to agreement.
The accommodation briefly comprises:
SHOP - RESTAURANT AREA31'8" (9.65m) X 39'7" (12.07m) iNCLUDING PRIVATE ROOM TO THE FRONT.With extensive High Street frontage, fully fitted out with 62 covers, matching tables and chairs and to the front bar servery.
GENTS CLOAKROOM With urinal and seperate WC.
LADIES CLOAKROOM With 2 WCs
KITCHEN29'10" X 15'2" (9.1m X 4.62m).Fully equipped with a nine burner gas cooker, a seven burner gas cooker, a double bowl stainless steel sink unit and the kitchen equipment is subject to a trade inventory.
STAIRS TO LOWER GROUND FLOOR
STORAGE ROOM16'2" x 11'5" (4.93m x 3.48m).
FURTHER ROOM10'8" X 14'9" (3.25m X 4.5m).
FURTHER STORAGE ROOM
OUTSIDE Access is gained from the lower ground floor to the main gardens where there are raised herb growing beds.
AGENTS NOTE We understand the turnover provides approximately £200,000 per annum subject to verification by the vendor.
SERVICES All mains connected.
VAT We understand that our client has not opted to charge VAT.All interested parties should make their own enquiries of HMRC
VIEWING Strictly by appointment through the selling agents.
RATEABLE VALUE £12,750 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.
COUNCIL TAX BAND To be advised.
WEBBERS DO NOT 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.ukhttp://list.english-heritage.org.uk