The business occupies a prominent and prime trading position on the corner of Victoria Street and Union Road, one of the main arterial routes around the edge of Exeter city centre. Exeter city centre, Exeter University Campus and the Exeter City football ground are all within a mile of the premises and the immediate area is predominantly residential with a large amount of student accommodation in the immediate vicinity, from which the pub benefits. Exeter itself is the Regional Capital of the South West 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, and for its world renowned University, Exeter boasts excellent transport communications with 2 mainline rail links to London, an international airport and easy access to the M5 motorway at Junction 30.
This is a substantial landmark property which occupies a highly visible trading position and is renowned by its unique green tiled frontage. The property has been the subject of upgrade and refurbishment during our clients 7 years of ownership and an internal inspection is highly advisable, to fully appreciate all that this spacious character public house has to offer. Our client has deliberately focused on the student trade and without any shadow of a doubt there is potential for incoming operators to develop all aspects of the trade still further and trade in a style to suit their own personal requirements, should they so wish. This deceptively spacious public house briefly comprises:- character open plan Single Bar Area (100), well equipped Commercial Catering Kitchen and ancillary backup facilities. On the upper floors, the accommodation is currently arranged as 2 Self-Contained Apartments. On the first floor there is a 3 Double Bedroom Apartment with Sitting Room, Kitchen/Breakfast Room and Shower Room and on the second floor is a Further Apartment comprising Kitchen/Breakfast Room, spacious Bedsitting Room, Bathroom and Store Room. There is also a Separate Office and a roof terrace area.
From midday until midnight seven days a week and food is offered from midday until 9:00pm seven days a week. Through personal choice, our client chooses to close the business during the university summer holidays and again during the Christmas and New Year period as well as operating on a 5 day week (closed Sunday and Monday) during April. In total our client traded for around 40 weeks last year.
Number of Employees:
Single working proprietor with up to 10 part-time/casual staff
Number of bedrooms: 4
Accommodation Details: 2 Self Contained Apartments
Prime trading location close to city centre, University, and Exeter City Football Club
The business is held on a tied 25 year Enterprise Inns Plc full repairing and insuring lease which commenced in December 2008. The advised current rent is £20,400 pa with rent reviews every 5 years, subject to an annual RPI review
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