JD Commercial Property Directory

GEORGIAN HOUSE SUITABLE AS B&B / GUEST HOUSE WITH GROUND FLOOR RESTAURANT

• Currently configured with 3 en-suite letting bedrooms
• Owners top floor accommodation
• Ground floor restaurant equally suitable as breakfast room or tea room
• Within food and leisure destination quarter of coastal town
• Some ownership last 9 years
• Adaptable building and accommodation to suit new owners requirements
• Rear walled garden with patio and decking
• Services : Mains water, gas, drainage and electricity

LOCATION

Ilfracombe is a popular resort situated on the North Devon Coast, with an estimated population in the region of 10,500.  The sub regional centre of Barnstaple lies approximately 13 miles to the south.

THE SITUATION

The subject property is within Fore Street which is an important link between the main High Street area and the harbour district.   Fore Street is a general thoroughfare during the day but changes its identity during the evening, as it is a leisure destination specialising in food and drink establishments.    The subject property enjoys an elevated position within the street.

THE PROPERTY AND CONSTRUCTION

The grade listed Georgian building is of four storey construction with rendered elevations under a pitched slate roof.  It is thought to date back to 1826 when the house was constructed to commemorate the Battle of Waterloo.  Many period features still remain including leaded sash windows, fireplaces etc.  The building is currently configured with a ground floor restaurant (although suitable for a wide variety of catering trades) with adjoining kitchen.  The upper floors provide three en-suite letting bedrooms, with scope to utilise two further rooms as letting accommodation or additional owners’ accommodation.  The premises have been in the same ownership for the last 9 years, with our clients having purchased the property as a domestic house.  To the rear of the property is a walled patio garden with additional raised decking area.

THE PROPOSAL

Our clients are inviting offers for the freehold interest.

THE BUSINESS

During their ownership, our clients have only operated the business to meet their own financial needs, opening the restaurant just 3 nights per week (15 hours in total) and casually offering bed and breakfast.  The premises offer considerable scope to new owners whether they wish to trade as a Bed and Breakfast, hotel, restaurant, tea room or even convert the premises back to a family home.  The Bed and Breakfast tariff for the accommodation is between £35 and £40 per person per night, with dinner an additional £20 per person.  Due to personal reasons the business is only being run as a Bed and Breakfast at the current time.

THE STOCK

Any current stock to be purchased at valuation upon completion.

LICENCE

The property is sold with the benefit of a Premises Licence, which we understand includes the garden area.

THE INVENTORY

The property is sold with an inventory of trade fixtures, fittings and equipment.

THE ACCOMMODATION (comprises)

GROUND FLOOR

Entrance porch leading to hallway with polished wood flooring and understairs cupboard suitable for computer terminal

RESTAURANT / BREAKFAST ROOM
26`5 x 10`2 (8.05 m x 3.10 m) Polished wood flooring, covers for circa 14, leaded bay window, picture rail, radiator heating, fireplace, service counter, back ground music system with iPod docking station

KITCHEN
Wood flooring, boiler and water tank cupboard, 8 burner dual fuel oven, extractor fan, double deep fat fryer, dishwasher, 2 x fridges, extractor hood, roof lights

FIRST FLOOR – access to rear walled garden

UTILITY ROOM
Plumbing for washing machine, wash hand basin, freezer storage

TOILET
Low level w.c., wash hand basin

OFFICE / POTENTIAL LETTING BEDROOM / BREAKFAST ROOM
12`6 x 10`1 (3.80 m x 3.05 m) Wood flooring, radiator heating, speaker system, iPod control panel which can be fed from iPod, PC, stereo or television

LETTING BEDROOM 1
16`11 x 15`8 (5.15 m x 4.75 m) Double, wood flooring, radiator and cover, square bow window, built in cupboards, 3 piece en-suite bathroom with electric shower over bath

SECOND FLOOR

Landing with carpet and linen cupboards

LETTING BEDROOM 2
12`10 x 10`0 (3.90 m x 3.05 m) Twin, wood flooring, radiator heating, 3 piece en-suite shower room

LETTING BEDROOM 3
14`0 x 12`5 (4.25 m x 3.80 m) Double, spot lighting, wood flooring, radiator and cover, 3 piece en-suite bathroom with electric shower over

THIRD FLOOR

OWNERS BEDROOM
15`11 x 11`0 (4.85 m x 3.35 m) Wood flooring, 2 x dormer windows, wash hand basin, roll top bath with Trencher style shower over

FURTHER OWNERS ROOM / POTENTIAL LETTING ROOM
10`2 x 10`0 (3.10 m x 3.05 m) Wood flooring, corner shower unit, wash hand basin, low level w.c, some finishing works to be completed by our clients prior to completion

OUTSIDE

To the rear of the property is the walled garden, with established shrubs and rockery plants, which is situated on two levels with a patio and raised decked area.  There is an outbuilding measuring 17`11 x 6`11 (5.45 m x 2.10 m), with has electricity and is currently used for storage.

Commercial Funding

Having been in the trade for many years we have established good connections in the finance sector.  Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike.  Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds.  Please call for more information.

IMPORTANT NOTICE
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
1.  The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract.  Prospective purchasers should seek their own professional advice.
2.  All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
3.  No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
4.  No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.

PROPERTY MISDESCRIPTIONS ACT 1993
1.  All measurements are approximate.
2. While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
3. We do our utmost to comply with this Act in full.  However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.

VIEWING
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: sales@jd-commercial.co.uk