St James Place, Ilfracombe, Devon

Pub for sale in Devon

Genuine retirement sale
Wonderful home with income opportunity
Business investment
High foot fall
Highly rated catering venue
Popular bar with inside and outside seating
Fully equipped going concern
Quality bar fittings
Very nicely presented owners apartment
Additional accommodation
Rear roof terrace and car parking space

LOCATION
Enviable and eye catching location facing west along Ilfracombe seafront in the heart of this popular thriving resort. The property overlooks the promenade, Capstone pleasure gardens, the crazy golf course and is within easy reach of the harbour and all holiday amenities.

THE PROPERTY
This large Victorian property is currently arranged as three units. On the ground floor is the busy restaurant with seating for 24 customers inside and with 32 customers outside as well as having a fully equipped kitchen and store room behind.
The luxuriously appointed apartments have their own entrance doors which can be accessed from an internal communal lobby to the side of the property.
The first floor provides a modernised gas centrally heated 2 bedroom apartment, all on one level.
The two upper floors provide a spacious modernised 3 bedroom maisonette with gas central heating and is well presented throughout.
There are views of the esplanade and sea beyond at Wildersmouth Beach the sunsets are spectacular!
To the rear of the first floor is a patio bordering Capstone Hill gardens.
The apartments can be used as at present for owners' accommodation plus an annexe or alternatively could be used as owners' accommodation and as a potential holiday let providing a supplementary income. Parking is available for one vehicle.
The ground floor may also convert to apartments subject to planning permission if required.
Alternatively there is opportunity to rent out the ground floor as a commercial units with the potential rent of £15,000 per annum as well as income by letting one apartment as a holiday let and living in the spacious maisonette on the upper floors.
Viewing of this property is highly recommended.

THE BUSINESS
A well respected restaurant with a loyal local and tourist customer base.

Takings circa £159,500 per annum (NET OF VAT), accounts to genuine buyers only.

Visit the business website: www.seafoodrestaurantilfracombe.co.uk

GROUND FLOOR

BAR 12' x 32'3" (3.66m x 9.83m). Views across the esplanade, double aspect windows, fully fitted bar servery, two way door access and split level area. All equipment included excluding personal items. Internal seating for 24, external seating with glass surround and brick paved patio as well as chill out lounge area outside and seating for 32 customers.

SNUG LOUNGE 12'10" x 9'1" (3.9m x 2.77m). With bay window, esplanade views and attractive seating area.

INNER HALLWAY    With gents and ladies cloakrooms.

COMMERCIAL KITCHEN 15'3" x 12'2" (4.65m x 3.7m). Comprehensively equipped, stainless steel single drainer sink unit with double bowl, wash basin, double deep fat fryer, Blueseal Griddle, oven combo with 4 hob cooker, microwaves, stainless steel work tops and extractor unit.

COMMUNAL HALLWAY 11'7" x 4' (3.53m x 1.22m). Door to outside, door to internal communal hallways, landing access and steps to:

REAR STORAGE AREA 19'7" (5.97m) x 10'8" (3.25m) minimum of irregular shape. This room is used for dry food store, refrigerators and wine store.

PRIVATE APARTMENTS

FIRST FLOOR APARTMENT

INNER HALLWAY

LOUNGE 10' x 13'1" (3.05m x 4m). With bay window, double aspect windows with esplanade and sea views and radiator.

KITCHEN DINER 12'1" (3.68m) x 11'2" (3.4m) Kitchen area 8'3" (2.51m) x 5'9" (1.75m). Open plan area with bay window affording esplanade views, radiator, fully fitted kitchen area and steps up to:

BEDROOM TWO 11'4" x 10'1" (3.45m x 3.07m). With radiator and door to fire exit.

BATHROOM WC 11'4" x 4' (3.45m x 1.22m). With three piece suite.

BEDROOM ONE 13'2" x 8'9" (4.01m x 2.67m). With radiator and built in wardrobes.

SECOND FLOOR APARTMENT

OPEN PLAN STAIRCASE TO FIRST FLOOR

LOUNGE AREA 20'2" (6.15m) x 10'4" (3.15m) extends to 16'8" (5.08m) by stairs. Double aspect views and bay window with extensive esplanade vista and sea visible. Radiators access to:

CLOAKROOM

OPEN PLAN KITCHEN/DINER 20'8" x 13'3" overall (6.3m x 4.04m overall). With bay window enjoying views over the esplanade, fully fitted kitchen, radiator, door to private large rear sun terrace adjoining Capstone Hill.

STAIRS TO THIRD FLOOR    This staircase leads from the open plan main lounge to:

LANDING

BATHROOM WC 9' x 7'6" (2.74m x 2.29m). With a modern three piece suite.

BEDROOM ONE 11'5" x 13'1" (3.48m x 4m). With radiator, dormer window and views of esplanade.

BEDROOM TWO 13'7" x 10'1" (4.14m x 3.07m). With radiator, dormer window with sea and esplanade views.

BEDROOM THREE 13'5" x 7'5" (4.1m x 2.26m). With radiator and dormer window with esplanade views.

OUTSIDE    Parking for one vehicle, brick paved outside seating with glass surround for 32 customers and rear roof top patio as described above.

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    £5,800 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.

COUNCIL TAX    First Floor - Band A
Second Floor - Band B

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.uk
http://list.english-heritage.org.uk

Important information

This is a Freehold property.

Property Ref: 55707_COM200036

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