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The premises have long been established as Ilfracombe's premier venue and the property is now offered with vacant possession by the freeholder.
In recent months the premises have been refurbished to a high standard.
The business has been re-established this year in 2018 by the vendor but we are not offering the business with trading accounts.
However the quality equipment, screens, lighting and sound systems etc. could be acquired by separate negotiation.
The property could be used by an owner operator for existing use as a good reputation has been built up and this is one of the largest venues in the town.
Alternatively the premises could be developed into an indoor family entertainment centre, with soft play areas, climbing frames etc, a dance studio or even a place of worship.
At the same time the property has potential to be developed into residential apartments for developers, subject to planning permission.
In the centre of Ilfracombe, North Devon's leading tourist resort the property is located just below the main High Street and above the seafront of Market Street in the heart of the town.
The bottom of Market Street is the main access road to the seafront with the Landmark Theatre across the way and is close to all seafront amenities.
In recent years Ilfracombe has benefited from inward investment which has included a Wetherspoon's Public House, Tesco's Supermarket and Lidl's Supermarket.
In addition adjoining this site is the former Alexander Theatre which has planning permission for demolition and re-build of a Premier Inn (Planning permission numbers: 59489 & 61836 - Please check with North Devon Planning Department for further information).
Other developments in the town include a proposed water sports centre at Larkstone Beach and the world renowned artist Damian Hirst's statue called 'Verity' which he has given on loan for some 20 years.
This has increased the number of day visitors to the town which now also has 10 art galleries. Ilfracombe is an expanding resort with plans to create over 500 residential dwellings in the future.
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