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Character Listed Town Centre Public House For Sale

Ilfracombe, Devon
Asking Price:
£275,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

The property comprises of a commercial building with accommodation over four levels providing to the ground floor a large through bar and beyond this stairs leading to a lower function room/bar area, there are two sets of ladies and gents cloakrooms all fully re-furbished and the main bar is serviced by a lower ground floor cellar with bottle store and dry store. To the first floor, approached off a communal hallway, access is gained to a landing where there is an office/store and kitchen. The upper floors offer a comfortable owners apartment.

Our clients own this property and have undertaken a refurbishment programme and now provide the opportunity to acquire the building. Currently the flat is let on a residential agreement for £695 per month. The property could be acquired by an owner occupier as an investment as the ground floor can be separately let for £15,600 per annum. Therefore the gross rental income from the property could gross at around £23,940, a healthy return on the purchase price of around 8.76%

Property information

Property:

Freehold

Location:

Occupying a prime town centre High Street trading position in the centre of Ilfracombe, North Devon's premier tourist resort is this Grade II listed character public house.

Premises Details:

With spacious modernised 4 bedroom owner’s apartment.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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