JD Commercial Property Directory

PROMINENT TOWN CENTRE CHARACTER RESTAURANT / TEA ROOM WITH OWNERS ACCOMMODATION

• Double fronted Restaurant / Cafe with covers for circa 30
• Commercial kitchen with back up storage
• Two bedroomed owner’s accommodation with kitchen/ lounge / diner and roof top garden
• Reroofed in 2011
• Character property with traditional features including beamed ceilings, fireplaces, former bread oven etc
• Ideal husband and wife / partnership business with no staff
• 5 star food hygiene award and national press recognition
• Services : Mains water, drainage, gas 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 property is situated on the Towns High Street with a good mixture of retail, office and leisure users in the immediate vicinity.  There are two car parks close by, one to the rear of the High Street the other within Wilder Road. 

THE PROPERTY AND CONSTRUCTION

The main building is of two storey construction under a pitched slate roof, with a loft conversion to provide further private accommodation and a rear extension to provide further commercial floor area.  It is thought parts of the building date back to the mid 18th century when the building was probably split as two houses.  There are a number of character features within the building including exposed ceiling beams, fireplaces, bread oven and wall recesses.
The ground floor provides a double fronted restaurant / tea room, with access from the High Street, and offers covers for circa 30, which is supported by a commercial kitchen and back up areas.  The private accommodation above consists of two bedrooms, four piece bathroom, kitchen, lounge / diner and a walled roof top garden with views out to the National Trust Torrs Park.

THE PROPOSAL

Our clients are inviting offers for the freehold interest.

THE BUSINESS

The business has been owner operated by our clients for the last 6 years in which time they have established a regular local trade as well as enjoying chance trade, given its trading location, and seasonal uplift during the holiday periods.  The last three years have shown a steadily increasing turnover, with last 2010 figures producing sales of £55,000 and a net profit of £25,000.  Year End 2011 figures are expected to be very similar (despite having operated slightly less hours and having had some time away from the business) .  These figures were achieved with little / no staff, with the business trading 5 days per week, 10 am – 3pm, and 4 evenings per week in the summer and two evenings in the winter months.  The daytime menu consists of lunches, snacks, hot and cold drinks, jacket potatoes, breakfasts, salads, cakes, cream teas etc with a Bistro style menu offered in evenings.  The business is sold with the website www.combecottage.co.uk, where sample menus can be found.

THE STOCK

Any current stock to be purchased at valuation upon completion.

THE INVENTORY

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

LICENCE

The property has a Premises Licence which is to be transferred to the new owners.

THE ACCOMMODATION (comprises)

GROUND FLOOR

DOUBLE FRONTED RESTAURANT / TEA ROOM
21`3 x 20’7 (6.45 m x 6.25 m) Double fronted shop unit with central entrance door, covers for circa 30, feature ceiling beams, bread oven, fireplace and surround with hearth, part carpet, part tiled floor, radiator heating, recessed fireplace and surround.

PATRONS TOILET
Tiled floor and walls, baby changing table, low level w.c., wash hand basin

KITCHEN
Tiled floor and walls, till, espresso machine, larder fridge, freezer, coffee grinder, stainless steel preparation benches, 2 x microwaves, 2 x deep fat fryers, extractor system, 8 ring gas oven, commercial freezer, stainless steel wash hand basin, dishwasher, chest freezer, double drainer sink unit, chiller fridge

ADJOINING UTILITY ROOM / PANTRY
Tiled floor, fitted with shelving and storage, utility cupboard

FIRST FLOOR – PRIVATE ACCOMMODATION

LANDING with carpet and radiator heating

LOUNGE / DINER
20`7 x 13`7 (6.25 m x 4.15 m) Beamed ceiling, carpet, radiator heating, double glazing, feature fireplace recess with electric fire and surround, understairs office space

KITCHEN
Eye and base units, boiler, roll top sink, spot lighting, fireplace with wood surround, laminate floor, radiator heating, door to roof top garden, cloakroom with door to:-

TOILET
Low level w.c., wash hand basin, radiator heating

LOUNGE
16`8 x 11`2 (5.10 m x 3.40 m) Window seat, radiator heating, carpet, oven fire with tiled hearth

SECOND FLOOR

LANDING with carpet

BEDROOM 1
13`5 x 10`5 (4.10 m x 3.20 m) Carpet, radiator heating, double glazing

BEDROOM 2
10`8 x 9`9 (3.25 m x 2.95 m) Carpet, radiator heating, double glazing, loft access

FOUR PIECE BATHROOM
Bath, electric cubicle, low level w.c., wash hand basin, radiator heating, vinyl floor, double glazing, spot lighting, part tiled walls, storage cupboards

OUTSIDE

There is a first floor walled roof top garden accessed from the owners private kitchen, which has far reaching views across to the National Park Torrs Park.

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