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Rent Reduced Free-Of-Tie Pub and Restaurant, Ilfracombe For Sale

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

• Free of tie pub and restaurant in harbourside Ilfracombe

• Rent reduced: £350 + VAT p/w year one, £400 + VAT p/w year two

• Main Bar for 45, plus first floor Function Room for 50

• Fully equipped Commercial Kitchen

• Beer garden for 40 with outside bar and pizza oven

• Six-bedroom private quarters

• Brand new 7-year lease, available now

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: £350 + VAT (90%) per week (reduced).
Year 2 rent: £400 + VAT (90%) per week (reduced).
Thereafter: headline rent of £485 + VAT (90%) per week.
Rent deposit: £6,305 (no VAT applicable).

Living Accommodation:

6 Bedrooms

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.