Licensed Restaurant With Accommodation In Popular Exeter Suburb For Sale

Business description

Quality licensed restaurant in a popular and affluent trading location with a well appointed 3 double bedroom self contained owners maisonette.

The business occupies a prominent position in the popular trading area on one of the busy main roads into Exeter city centre and located within the affluent St Leonards residential area and the Southernhay business district and the city centre are also close by. The area is characterised by a variety of well established high quality independent retailers as well as some national retailers. Exeter is the regional capital of the southwest and as such, is not only an established and expanding business centre, but also a popular tourist destination year round. Renowned for its historic cathedral, university and waterside developments, Exeter boasts excellent transport communications with 2 mainline rail links to London, and international airport and easy access to the M5 motorway at Junction 30.

A substantial mid terraced 3 storey property of brick elevations beneath a mainly pitched slate roof presented to a high standard throughout, having been substantially refurbished in recent years, the property offers incoming operators the opportunity to develop the style of trade to suit their own requirements, combined with an excellent self contained family sized 3 bedroom accommodation. The premises briefly comprise:- Bar Area with Bar Servery (8), attractive Mezzanine Dining Room (12), Conservatory Dining Room (10), fully equipped high quality Commercial Catering Kitchen, spacious 3 Double Bedroom Owners Accommodation with Lounge, Kitchen, Dining Room and a Family Bathroom.

Property information

Property:

Leasehold

Lease terms:

The business is held on a 15 year lease.

Leasehold rent:

£18,000 per annum

Living accommodation:

Well appointed and substantial 3 double bedroom self-contained owners maisonette with sitting room and kitchen.

Location:

Prominent trading position in affluent residential area close to Exeter City Centre.

Premises details:

Substantial and purpose equipped mid terraced 3 storey premises of brick elevations under mainly pitched slate roof. Presented to high standard throughout.

Business Operation

Trading hours:

11:00am - 3:00pm
6:00pm until close Monday to Saturday.
Closed Sundays.

Employees:

Run by our client with the assistance of a full time chef and casual staff on Friday and Saturday nights depending on trade levels.