LOCATION One of the towns best kept secrets, Score Valley Country Guest House is a charming 18th Century country house approached from a narrow country lane located in a hidden valley off the main approach to Ilfracombe, North Devon's premier resort. Nearby is the attractive Bicclescombe Park and Gardens about 1 mile from the town centre. The Park provides a children's play area, tennis courts and planted flower displays and is dissected by the Wilderbrook Stream. There is also a restored Mill and Tea Room. Ilfracombe is regarded as the 'jewel in the crown' of North Devon and has a population of 14,000 inhabitants which is boosted in the summer months with an influx of tourists. The renowned artist Damien Hirst has loaned to the town a statue on the pier called 'Verity', which has increased the number of day visitors to the resort. At the same time there are now numerous art galleries in the resort which provides a picturesque harbour, numerous beaches and scenic walks. A brand new multi-million pound Water Sports Centre has been built by the North Devon Council opposite the pier at Larkstone Cove. THE PROPERTY This is a detached character country house, providing 8 letting bedrooms within the main residence and a family home adjoining which provides 4 private bedrooms. In recent years the property has been improved with newly re-decorated bedrooms and public rooms as well as many new en-suite facilities. The public rooms provide a bar and guest lounge and dining room. The private accommodation includes a private lounge, kitchen, bathroom and 4 bedrooms. There are two large basement rooms one utilised as a light and airy craft/hobby room the other room is used as a store room. The property benefits from an oil fired aga, some electric panel radiators and the property will be comprehensively equipped subject to trade inventory, excluding those items of a personal nature. Set in around 1.5 acres of land with a meadow, a private lawned garden, courtyard, crazy paved morning patio, large car park and is surrounded by a mature woodland - this truly is a mystical setting! TENURE The property is held on the balance of a 21 year lease with 10 years remaining. The current rent payable is in the region of £25,000 per annum with an ingoing premium of £250,000. The usual 3 month bank statements and trade/professional references are required for landlord's approval. The Landlord will consider a new ingoing lease terms. THE BUSINESS This is a long established guest house in a fabulous country setting on the outskirts of town. Takings are at around £85,000 per annum, just under the VAT threshold. Trade is mainly generated through bed & breakfast. AGENTS NOTE Our vendors have advised there is a small piece of Japanese Knotweed, outside the boundary of the property. SERVICES AND UTILITIES Mains electricity, water and drainage. There is no gas at the property. We encourage you to check before viewing a property the potential broadband speeds and mobile signal coverage. You can do so by visiting https://checker.ofcom.org.uk BUSINESS RATES £5,900 UBR, as of April 2023, 47.9p in the £. Our Rateable Value figure has been obtained from the Business Valuation website at the time of the property detail going to print, however, we would advise all applicants make their own enquiries via the Valuation Office or website regarding this figure. Small Business Rate relief (100%) may apply as the Rateable Value is below £12,000. VAT We understand that our client has not opted to charge VAT. All interested parties should make their own enquiries of HMRC. LEGAL ADVICE We strongly recommend that a tenant takes independent legal advice and instructs solicitors to act on their behalf. Each party bears their own legal costs unless otherwise stated. PLANNING It is the responsibility of the proposed tenant to satisfy for themselves independently that their intended use complies with existing planning permission by contacting the local council planning department. The cost of any change of planning use is the tenant’s responsibility. LEASE TERMS All leases are on full repair and insuring (FRI) terms unless otherwise stated.