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Free-Of-Tie Pub And Restaurant In Heart Of Ilfracombe For Sale

Ilfracombe, Devon, UK
Asking Price:
£6,305
Turnover:
Undisclosed
Net Profit:
Undisclosed

● Well established, free of tie pub and restaurant in the heart of harbourside Ilfracombe, North Devon

● Recently refurbished Main Bar seating around 45, with a pool table and plenty of vertical drinking space

● First floor Function Room with its own bar servery and open fireplace, seating up to 50

● Substantial Commercial Kitchen fitted with a full range of stainless steel equipment

● Beautifully refurbished rear beer garden seating around 40, with a separate outside bar and pizza oven

● Six-bedroom private quarters across the second and third floors

● Brand new 7-year lease, available now, free of tie

● Approximately 387 sq m of accommodation across four floors

● Situated on the High Street of Ilfracombe, surrounded by other retailers, in a town famed for its sandy beaches and harbour

Property Information

Property:

Leasehold

Leasehold Type:
New
Lease Terms:

The property is available on the basis of a brand new 7-year lease, free of tie, available now.
Year 1 rent: £450 + VAT (90%) per week.
Years 2–3 rent: £485 + VAT (90%) per week.
Rent deposit: £6,305 (no VAT applicable).
EPC Rating: C (valid until 03/11/2034).
Approximate size: 387 sq m.

Location:

The town of Ilfracombe is situated on the North Devon coast, famous for its picturesque harbour and surrounded by a stunning coastline.
It is a vibrant local town with a population of well over 12,000, boosted all through the year by tourists coming to this most attractive part of the country.
The Little Lamb is situated in the High Street of Ilfracombe, surrounded by other retailers.
Nearby: Wildersmouth Beach (0.3 miles), Tunnels Beaches (0.3 miles), Ilfracombe Harbour (0.6 miles).