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Long Established Fish And Chip Shop/Restaurant For Sale

Ilfracombe, Devon, UK
Asking Price:
£550,000
Sales Revenue:
£500K - £1M
Cash Flow:
Available on request

The premises comprise of 2 interlinked commercial properties; on the right hand side to the ground floor is a 38 seater licensed restaurant and on the left hand side is the fish and chip shop takeaway with 4 bedroom living quarters above both properties.
The premises are linked at 1st and 2nd floors and there are 2 staircases, 2 bathrooms as well as customer cloakrooms.
The upper floors have been tastefully renovated into a modern 4 bed family home with a fully fitted kitchen, large through lounge and a large bedroom to the 2nd floor.
The shops are pavement fronting and whilst there is no garden or yard to the rear, there are ample parklands nearby at Capstone Hill and local residents can apply for a private parking permit for the car park to the rear of The Quay at Cheyne Beach Car Park via the council.

The property is available for sale at a freehold price of £550,000 or alternatively could be let on a brand new lease for the whole premises at £25,000 per annum plus an ingoing premium price of £160,000.
An incoming tenant will need to provide acceptable trade and bank reference details for Landlord's approval.

Open 7 days a week throughout the year this business has a good local and tourist trade.
Operated by a proprietor with staffing levels to suit the time of year.
Full accounts will be made available to those seriously interested parties who have viewed the property.
Takings circa £550,000 p/a.
The business will be offered fully furnished as a going concern and the apartment will be vacant.

Property Information

Property:

Freehold

Location:

This double fronted commercial property is located in a busy tourist position between the seafront and Ilfracombe's picturesque harbour.
The property is close to The Strand and Cheyne Beaches and there is a large public car park in Ropery Road.
The premises are located in St. James' Place adjoining nearby retailers include gift shops, jewellers and in the vicinity there are a number of guest houses and hotels. Ilfracombe has a population of approximately 12,000 inhabitants which is boosted during the summer months with an influx of tourists.
On the pier the world renowned artist Damien Hirst has erected a statue called 'Verity' on the pier which is on loan to the local council and has attracted many more visitors to the resort.
Whilst there is no parking with the property, residents living in the area can apply for a parking permit from the Council at an additional cost.

Energy Performance Rating:
D

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