Retail Space for sale in Ilfracombe

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Large High Street Retail Space former Bingo Hall

Ilfracombe, Devon, England

  • Leasehold Price: £14,000
Seller Reference: COM190076
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Business Description
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Seller Reference: COM190076
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Business Description
Webbers Commercial have been favoured with instructions from the landlord to offer the indoor market on the basis of a brand new lease.

The premises, formerly a bingo hall, and now providing approximately 3,250 sq ft of retail space and most recently operating as an indoor market, but suitable for a variety of uses such as a snooker club, large retail premises for a single retail operator or indeed reverting back to an indoor market.

The operator of the indoor market was able to let retail kiosks to a variety of small businesses at premium rents thereby enjoying a profitable rent.

The premises benefit from ladies and gents cloakroom and have access to the adjoining rear of the cafeteria next door if required.

The property is approached through a 39 ft entrance hall which opens out to the large retail area.

This area is in three sections, a main retail open plan and beyond that, to the rear, two further retail areas.

In recent years the premises have been used for an indoor market, hosting a variety of traders including crafts, hairdressers and other retailers.

Excellent potential for a gym, keep fit studio, crèche, indoor soft play area, catering etc. subject to relevant planning permissions.
Location Details:
In a prime High Street trading position within close proximity to the former Barclay's Bank and the former NatWest, the premises are located between a former electrical retailer on one side (now closed) and a cafeteria and close to Drapers Discount Store.
Leasehold Term:
The premises are offered on the basis of a brand new lease at a commencing rental of £14,000 per annum on full repair and insuring terms, with rent reviews every three years, based on the retail price index.
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