Retail Space for sale in Ilfracombe

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Ian McGregor (Nov 2013)
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Leasehold Price: £12,000 Sale Agreed
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Business Description
The premises are available on either a freehold or a leasehold basis, comprising of the main ground floor shop approximately 800 sq ft as well as two stock rooms, one offering 180 sq ft on ground floor level and the other to the rear of approximately 262 sq ft. Within the premises there is a staff cloakroom and the property has the benefit of a good window display area and modern shop front. The premises are suitable for a variety of trades. EPC Rating D.
Tenure: Leasehold

Location Details:

Located in a prime High Street location, in the ever popular seaside resort Ilfracombe often referred to as North Devon's 'jewel in the crown'. The subject premises are adjoined on either side by Bond Oxborough Estate Agency and a local opticians. The property is in the heart of the High Street, is easily accessible, and benefits from a 25 ft frontage onto the main street. Highly visible in a popular trading location. The town of Ilfracombe has a population in excess of 14,000 inhabitants, boosted in the summer months with the influx of tourists. The town has benefited recently from investment including the construction of a new Tesco's supermarket, a new Lidl's supermarket, a new Wetherspoon's public house and plans have been approved for a new Premier Inn development. In addition the world re-owned artist Damien Hirst, has given to the town, on loan a statue on the pier called 'Verity', which attracts many more day visitors throughout the year. Damien Hirst also owns a restaurant on the quay as well as the adjoining art gallery and indeed in recent months there are now 10 art galleries in the resort. The town is therefore undergoing somewhat of a revival and is popular with tourists and locals alike.

Leasehold Term:

The premises will be made available on the basis of a brand new lease on fully repairing and insuring terms. With a rent review every three years at the commencing asking rent of £12,000 per annum. Alternatively the premises are available on a freehold basis which includes the freehold of the entire building (the three flats above have been sold separately) at a quoted asking price of £150,000.

Listed by: Webbers Property
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