- Substantial High Street property Prime location 46 Seater licenced restaurant Large 5 bedroom owners accommodation 2 bathrooms and 2 fitted kitchens Ladies and gents cloakrooms Rear courtyard an...
Not Specified for sale in Devon
LOCATION
In a prime High Street trading location within the very heart of Ilfracombe, North Devon's main holiday resort.
The town is expanding with a new southern development of around 350 houses due soon.
In addition the resort has become a favourite with day trippers visiting to see 'Verity' the statue on the pier made by the well know artist Damien Hirst.
Ilfracombe has many beaches, a picturesque harbour, parks, municipal gardens and a Water Sports Centre at Larkstone Bay.
THE PROPERTY
An exceptional example of Victorian architecture this Grade II listed family home boasts large rooms with high ceilings and plenty of natural light.
There is a 46 seater licenced restaurant (30 seats in the main restaurant and the option of an additional 16 seats in the function room, which is currently being utilised as a beauticians) and cloakrooms as well as commercial kitchen to the ground floor.
Across the upper floors is the 5 bedroom owner’s accommodation that would easily suit two families as there is a rear second floor pedestrian access to Tarry Lane.
The property has gas fired central heating and the business is for sale as a going concern.
THE BUSINESS
Operating as a restaurant since 1995, this long established catering business is utilised now as a Chinese restaurant and takeaway.
There are 46 covers which includes the function room (now used as a beauticians but could easily convert back to catering use).
Details of trade and opening hours will be made available to genuine buyers after inspection.
SERVICES AND UTILITIES
All mains connected. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk
BUSINESS RATES
£6,400 UBR. As of April 2026, the Uniform Business Rate (UBR) multipliers are 43.2p in the pound for properties with a Rateable Value below £51,000 and 48.0p for properties at £51,000 or above. The Rateable Value has been obtained from the Valuation Office Agency at the time these details were prepared. Prospective occupiers should verify the current Rateable Value and multiplier with the Valuation Office Agency or via the GOV.UK website. Small Business Rate Relief (up to 100%) may apply for properties with a Rateable Value below £12,000, subject to eligibility and local authority assessment.
VAT
We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC.
LEGAL ADVICE
We strongly recommend that a buyer takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated.
PLANNING
It is the responsibility of the proposed buyer to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the buyer’s responsibility.
Important Information
- This is a Freehold property.
- This Council Tax band for this property is: A
Property Ref: COM230030
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