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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%
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.
With spacious modernised 4 bedroom owner’s apartment.
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