High Turnover Community Pub In Exeter Under Management For Sale

Business description

High turnover wet led community pub with extensive open plan public areas, large 3 double bedroom private accommodation, car parking and trade terrace.

This is a substantial purpose built detached 2 storey building located in the prominent and high profile trading position in a residential suburb of Exeter on one of the main thoroughfares into the city centre. The Cathedral City of Exeter with a resident population of circa 122,400 (according to the 2001 population census) is the administrative centre for Devon. It has a retail catchment area of 457,400 and is well served by road communications including the M5 motorway and has an intercity rail service and an international airport. The city is also renowned for its university and quality of life, being easily accessible to the East Devon coastline and Dartmoor.

This is a substantial building located in a densely populated and predominantly residential area which is purpose built and has origins dating back to the 1960s. The property which benefits from a prominent trading position briefly comprises:- Open Plan Main Bar Areas with seating for 100 + customers, Games Area (16), Commercial Kitchen, spacious 3 Double Bedroom Owners Accommodation with Sitting Room, Kitchen Breakfast Room, Bathroom and Private Roof Terrace. Externally, the property benefits from Car Parking for 26 vehicles, 2 Garages and a fully enclosed Trade Patio on two levels with seating for 60+ customers.

Property information

Property:

Leasehold

Lease terms:

The business is held on a 10 year Enterprise Inns Plc lease from 2002 and we are advised that there is a tie for beers, ciders and alcopops. However, all wines, spirit and soft drinks are free of tie.

Leasehold rent:

£35,000 per annum

Living accommodation:

Spacious 3 Double Bedroom Owners Accommodation

Location:

In residential area on one of the main thoroughfares into Exeter city centre.

Premises details:

Substantial purpose built detached 2 storey building.

Business Operation

Trading hours:

11:00am to 11:30pm Monday to Thursday
11:00am to 12:30am Friday and Saturday
12:00midday to 11:00pm Sundays

Employees:

Run under management with 1 full-time and 2 part-time members of staff