Guide price
£87,500
Restaurant for saleHigh Street, Ilfracombe, Devon EX34
Leasehold
About this property
Established income stream with tenant in situ until 2027
Flexible layout over two floors, ideal for café or retail
Prime High Street location
Let at £15,000 p.a.
Lease expires 2027
Strong investment income
Ideal café or retail
Future owner-occupier potential
Positioned in the heart of Ilfracombe’s High Street, this substantial commercial premises now presents a rare and attractive opportunity for owner occupiers or investors seeking a straightforward purchase with vacant possession.
The property is now fully vacant, with no lease in place and no income attached, following the successful surrender of the previous tenancy. The sale includes a 999 year lease together with all fixtures and fittings remaining from the former Costa Coffee occupation, allowing an incoming purchaser to trade quickly or reconfigure to suit their requirements.
The premises benefit from A3, A4 and A5 planning consent, making it suitable for restaurant and café use, drinking establishments and hot food takeaway operations. The unit also has air conditioning installed and in working order.
Arranged over ground and first floors, the property offers generous internal space, strong street presence and excellent visibility within a busy and established trading location. Large front facing windows provide good natural light and prominence to passing footfall.
The guide price has been set to reflect the vacant nature of the property and to encourage a clean, uncomplicated purchase, whether for immediate occupation or future investment.
Ilfracombe is an historic Victorian seaside resort and provides shopping facilities as well as other amenities such as Banks, Library, Post Office, Schools and Cinema etc. There are a number of attractions within walking distance including Damien Hirst's now famous Verity statue situated on the Harbour, the award-winning Ilfracombe Aquarium, the unique Tunnels Beaches and many more. You will find numerous events and festivals throughout the year, many based on the quayside at the historic harbour and at the prestigious Landmark Theatre on the seafront. There are many fine and award winning beaches close by, from secluded coves to the wide stretches of golden sand with crashing surf. For a unique beach experience visit 'The Tunnels' in Ilfracombe, holders of a blue flag and seaside award or Hele Bay, to the east of the town, also award winners, for good bathing and rock pool exploring. Putsborough, Woolacombe and Croyde are within easy motoring distance, whilst North Devon's regional centre of Barnstaple is approximately 20 minutes driving time.
Directions
Next door to our office on Ilfracombe High Street
Agents Notes
The property is held on a 999-year lease from 2018. The current ground rent is £250 per annum. The service and maintenance charge is £320.74 per quarter, reviewed annually.
The property is now fully vacant, with no lease in place and no income attached, following the successful surrender of the previous tenancy. The sale includes a 999 year lease together with all fixtures and fittings remaining from the former Costa Coffee occupation, allowing an incoming purchaser to trade quickly or reconfigure to suit their requirements.
The premises benefit from A3, A4 and A5 planning consent, making it suitable for restaurant and café use, drinking establishments and hot food takeaway operations. The unit also has air conditioning installed and in working order.
Arranged over ground and first floors, the property offers generous internal space, strong street presence and excellent visibility within a busy and established trading location. Large front facing windows provide good natural light and prominence to passing footfall.
The guide price has been set to reflect the vacant nature of the property and to encourage a clean, uncomplicated purchase, whether for immediate occupation or future investment.
Ilfracombe is an historic Victorian seaside resort and provides shopping facilities as well as other amenities such as Banks, Library, Post Office, Schools and Cinema etc. There are a number of attractions within walking distance including Damien Hirst's now famous Verity statue situated on the Harbour, the award-winning Ilfracombe Aquarium, the unique Tunnels Beaches and many more. You will find numerous events and festivals throughout the year, many based on the quayside at the historic harbour and at the prestigious Landmark Theatre on the seafront. There are many fine and award winning beaches close by, from secluded coves to the wide stretches of golden sand with crashing surf. For a unique beach experience visit 'The Tunnels' in Ilfracombe, holders of a blue flag and seaside award or Hele Bay, to the east of the town, also award winners, for good bathing and rock pool exploring. Putsborough, Woolacombe and Croyde are within easy motoring distance, whilst North Devon's regional centre of Barnstaple is approximately 20 minutes driving time.
Directions
Next door to our office on Ilfracombe High Street
Agents Notes
The property is held on a 999-year lease from 2018. The current ground rent is £250 per annum. The service and maintenance charge is £320.74 per quarter, reviewed annually.
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Monthly repayment
£437 per month
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