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Character Guest House And Restaurant For Sale

Ilfracombe, Devon, UK
Asking Price:
£475,000
Turnover:
Available on request
Net Profit:
Available on request

Genuine retirement sale is the reason for this property being available as a going concern. In the last ten years the property has benefited from upgrading and modernization and works have included a new slate roof, rewiring and re-plumbing, two new central heating boilers, re-plastering internally and externally and the refurbishment of the letting rooms to a very high standard. The ground floor benefits from its own separate access to a self-contained licensed restaurant with ladies' and gents' cloakroom and a well-equipped commercial kitchen to the rear. In addition there is a laundry room and utility room plus off the rear through hallway is a self-contained one bedroom.
The first floor provides access to the owners' delightful private suite comprising of a spacious lounge with far reaching views over the sea front and the sea as well as Capstone Hill, a private en-suite spacious double bedroom and private wet room and cloakroom. The letting rooms have access from the main staircase and are all self-contained, giving added privacy to the owners' accommodation.
The letting accommodation has its own entrance and hallway, as well as staircase to five en-suite bedrooms and a further private kitchen. All of the letting rooms and private lounge enjoy far reaching sea views towards the harbour and sea front. The accommodation will be offered comprehensively equipped, subject to trade inventory.

Turnover in the past for the bed & breakfast has been in the region of £65,000 per annum for the guest house plus an additional £10,000 per annum for the rental of the restaurant.
This is an award winning boutique style guest house, which has been granted AA 4 Star Gold Award, as well as a Breakfast Award.
The owners rented out the restaurant and guest house for 3 years to a chef who developed a Michelin Star restaurant and has now expanded and moved to larger premises.
Our clients took back the property late in 2020. They have continued to upgrade and re-decorate the premises as well as install new decking and fencing to the garden patio.
We strongly recommend internal viewing.

Property Information

Property:

Freehold

Location:

The premises are located in one of the oldest streets in Ilfracombe, namely Fore Street, which meanders from the High Street down to Broad Street. Fore Street is recognised as the 'foodie quarter' of Ilfracombe, where there are a large variety of restaurants. The property is within 150 yards of the harbour.

Energy Performance Rating:
B

Contact Webbers Commercial

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