£10,000

Retail premises for sale

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Business

£10,000

(£10,000.00/sq. ft)

Retail premises for sale

St. James Place, Ilfracombe EX34

1 sq. ft

Local area information

Property location

Nearby amenities

  • Ilfracombe Ferry Landing 0.2 miles
  • Ilfracombe Church of England Junior School 0.4 miles
  • The Ilfracombe Church of England Academy 0.4 miles
  • Barnstaple 9.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

Busy tourist trap location which is ideally placed for passing trade close to the harbour and beaches.

This retail shop occupies a convenient plot with car parks nearby, with Ilfracombe being the busiest tourist resort within North Devon.

The town has an abundance of beaches, dramatic coastal walks and parklands.

In recent years the well-known artist Damien Hirst has given on loan to the town, a statue called Verity which is located on The Pier and attracts many day trippers to the area.
The premises

Offering around 320 sq ft of retail space, a staff cloakroom plus a large stock room of around 200 sq ft.

The shop has ample space for display cabinets and counter.

About 4 years ago the shop was re-decorated and this area is now very well presented and ready to take over.
Tenure

A new lease is available at a commencing rental of £8,400 per annum on Fri terms plus an ingoing premium of £10,000.

An ingoing tenant will need to provide the usual trade/professional references, 3 months bank statements as well as proof of id.
The proposal

The business is for sale as a going concern to include all quality counters, shelfs and display cabinets.

This is a long-established gift shop opening from late March to late October. Opening hours are 7 days a week from 10 am to 6 pm with hours to suit during the winter months.

Takings of around £140,000 per annum with good profit margins.

Accounts available to seriously interested parties who have inspected the premises with the vendors permission.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Devon
  4. North Devon
  5. Ilfracombe
  6. St. James Place

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