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New Build Cafe Overlooking The Sea For Sale

Ilfracombe, Devon, UK
Asking Price:
£12,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

LOCATION
Overlooking the sea at Larkstone Cove in a sheltered inlet opposite The Pier in Ilfracombe North Devon's popular holiday resort.

This modern purpose built community hub and Watersports Centre will be completed by 2023.

It is proposed that the new cafe will support the various sea sport users of the watersports centre, the community at large and the tourists who flock to the resort throughout the year.

The property is nearby Hillsborough, the public car parks on hand and Ilfracombe Gym & Swimming Pool.

It adjoins the South West Coastal Footpath. It is anticipated that the ground floor of the main building and the old canoe club will be occupied by three local watersports clubs.

There will also be a training/meeting room located on the first floor, which can be pre-booked and made available to the café, when it is not booked for meeting purposes.

RENTAL GUIDE
Circa £12,000 per annum plus VAT.

TERMS
A brand new lease will be available from the Landlord namely the North Devon District Council.

Rental terms to be agreed.

Rent free period considered for fitting out costs.

Usual trade references and bank reference will be required plus proof of funds, business plan as well as details of proposed business fit out as the premises will not be equipped and the tenant will need to install their own fixtures, fittings and equipment, subject to Landlord's approval.

THE PROPOSAL
We are inviting expressions of interest for the opportunity to operate the café by way of a new ideally 5 year lease with the option to extend.

No premium is required, but an element of fit out costs will need to be considered by the ingoing tenant. The tenant will be responsible for their own utility costs and business rates.

There will be a service charge to cover the ongoing maintenance and running of the building, estimates of these charges are included below.

The café accommodation comprises a food preparation and servery area, an interior dining area with approximately 42 covers and an outside balcony which could accommodate up to 30 additional covers.

The adjoining training area/meeting room can also be offered when not in use. Details of the specific conditions are available from the Agents Webbers Commercial upon request.

It is anticipated that there will be a contribution towards running costs of approximately £4,000 per annum, this will include buildings and fixtures insurance.

The tenant will be responsible for insuring their business and NDC will require details of public liability insurance which will need to be above £5million. Please note there is no mains gas connected to the property.

There is no parking on site.

Viewing the main property will only be allowed nearer completion date which is anticipated to be in early 2023.

Plans are available for inspection upon request from the agents.

EPC Rating TBC.

VIEWING
Contact the agents to arrange viewings.

Property Information

Property:

Leasehold

Leasehold Type:
New
Leasehold Rent:

£12,000 per annum

Contact Webbers Commercial

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