JD Commercial Property Directory

DAYTIME AND EVENING BISTRO / BAR SPECIALISNG IN LOCALLY PRODUCED AND ORGANIC FAYRE

 Refurbished & redesigned accommodation
 Individually furnished & decorated
 Close to harbour area and Town’s theatre
 Undertaking both daytime and evening trade
 Alfresco dining with covers for circa 24
 Specialising in local, organic and fair-trade produce
 Refitted and equipped kitchen
 Services : All mains connected

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 in St. James Place which is the main arterial road leading into the harbour.   This area enjoys a good captive audience, bolstered by the busy summer trading period.   The area is within the restaurant / dining part of the town and is not far from the restaurant premises in the ownership of the renowned artist, Damien Hirst. Ilfracombe has also had speculation regarding the redevelopment of the harbour area.   McCarthy & Stone have started a progressive redevelopment of the former Cliff Hydro site which overlooks the harbour.  Tesco have opened a new edge of town supermarket, as have the Co-Operative recently opened a town centre supermarket.    Other residential schemes are also afoot and under construction.

THE PROPERTY AND CONSTRUCTION

Being a ground floor Bistro and Bar premises which has been refurbished and redesigned during the current owner’s tenure, they offer an intimate and eclectic dining surroundings.  The dining area can be configured for circa 32 covers, although our clients have previously used part as a relaxing lounge bar area, adjoining the bar servery.  To the front of the premises, overlooking the street scene is an alfresco courtyard garden with brick paving, assorted trees, shrubs and grasses which provides further covers for 24.  The commercial kitchen has been refitted during our clients ownership with new equipment including 6 burner gas oven, extractor canopy, dishwasher, plate warmer, chiller gantry as well as matching crockery, glassware and cutlery.

THE PROPOSAL

Our clients our inviting offers for the leasehold interest of the business and an assignment of the existing internal repairing lease, with approximately 12 years remaining.  The current rent is £5,640 p.a.x.

THE BUSINESS

We are currently awaiting the latest accounts.  Should interested parties wish to discuss these figures further we would be happy to do so.  The business is owned by a couple with the daily operation being undertaken by 3 personnel, chef, front of house and one of the owners.  The business is currently operated throughout the year, although with seasonal changes to the opening hours.  Should interested parties wish to look at the businesses websites, www.no6stjames.co.uk, additional information can be found on the business as well as reviews that have appeared in the local press.

THE INVENTORY

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

LICENCE

The property enjoys a Premises Licence.

VAT

Payable, if applicable, at the prevailing rate.

RATES

We understand from the Valuation Office website that the premises are rated at £4,150, rates payable £2,029, prior to any reductions that may apply.

THE ACCOMMODATION (comprises)

MAIN RESTAURANT AND LOUNGE BAR
30'0 x 19'9 (9.15m x 6.00m) Bay window with stained glass entrance door.  Carpet, spot lighting, uplighters, assorted soft furnishings, radiator heating, suitable for 32, lounge bar area.  Bar servery with spot lighting, Ibertial espresso machine, ice maker, glass washer, ground coffee machine, stainless steel wash basin, chiller cabinet.

KITCHEN
Non slip floor, plastic clad walls, six burner gas oven, extraction canopy, boiler, stainless steel sink unit, stainless steel wash hand basin, Maidaid dishwasher, Parry plate warmer, Parry double grill, two compartment chiller gantry, double tier stainless steel storage unit, fridge, freezer, strip lighting

GENTS TOILETS
Non slip floor, low level w.c., tiled walls

LADIES TOILETS
Non slip floor, low level w.c., tiled walls, baby changing table

Shared cloakroom with non slip floor, tiled walls, radiator heating, wash hand basin with mosaic tiled splash back.

OUTSIDE

To the front of the premises is a brick paved courtyard garden with table and chair seating for circa 24 covers.  Overlooking the street scene the alfresco dining area, has established trees, shrubs and grasses, making an inviting entrance to the property.

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