Available
Ilfracombe – Public House
Snug & Hyde, 36 High Street, Ilfracombe, Devon EX34 9DAFreehold Public House Investment
Price
£330,000
Rent P.A.
£26,000
Yield
7.88%
Tenure
Freehold
Lease Term
6 Years 11 Months
Years Left on Lease
3y
Area
5,222 SQ FT
VAT Applicable
Yes
Sector
Investment Consideration
- Comprises large public house with commercial kitchen, beer garden and function room
- Includes 5 bedrooms with 3 bathrooms over first, second and third floor
- Situated within walking distance to the sea front. Occupiers close by include Co-Op Supermarket, Petrol Station, Public House, Pet Store and more.
Key Features
Tenure
Freehold
VAT
VAT is Applicable
Property Description
The property is arranged as ground floor public house with server and customer WC’s, large function room. The lower ground floor is beer cellar with separate street access. The first floor flat is double bedroom with large trade kitchen, store, bathroom and private roof terrace. The second floor with two double bedrooms and bathroom. The third floor has two double bedrooms with bathroom. The property benefits from rear garden and provides the following accommodation and dimensions:
Ground Floor: Open plan bar, seating, function room, wc`s
Lower Ground Floor: Beer cellar with separate street access
First Floor: Commercial kitchen, store, bedroom, bathroom, terrace
Second Floor: 2 double bedrooms (1 en-suite), bathroom
Third Floor: 2 double bedrooms, bathroom
Total GIA: 485 sq m (5,222 sq ft)
Ground Floor: Open plan bar, seating, function room, wc`s
Lower Ground Floor: Beer cellar with separate street access
First Floor: Commercial kitchen, store, bedroom, bathroom, terrace
Second Floor: 2 double bedrooms (1 en-suite), bathroom
Third Floor: 2 double bedrooms, bathroom
Total GIA: 485 sq m (5,222 sq ft)
Tenancy Description
The property is at present let to Griffinbright Ltd with personal guarantor for a term of 6 years and 11 months from 1st May 2021 at a current rent of £26,000 p.a. and the lease contains full repairing and insuring covenants. Rent review on 01.05.27 open market upward only. Rent review on 01.05.24 outstanding. Break clause in 2023 NOT exercised. Deposit held of £4,333.33.
Tenancies & Accommodation

Location Description
Ilfracombe is a seaside resort and civil parish on the North Devon coast, England, with a small harbour surrounded by cliffs. The town is at the southern end of the A361, the longest 3-digit A-road in England which finishes on the A5 at Kilsby on the Northamptonshire-Warwickshire border near Rugby and is the town's main connection with the South-West England motorway, the M5. The property is located on the high street within walking distance to the sea front. Occupiers close by include Co-Op Supermarket, Petrol Station, Public House, Pet Store and more.