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Quality City Cafe Bar and Restaurant in Prominent Trading Position

Price:
Leasehold - £49,950
Seller Ref:
1903
Location:

Devon, Close to City Centre, Exeter

Business Type:

Food Service Businesses

See Other:
Restaurants for sale in Devon
Food service businesses for sale in Devon
Description:
THE BUSINESS:
Quality café bar and 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 a popular trading area on one of the busy main roads into Exeter city centre and is 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.

This is 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.
Location Details:
Prominent main road trading position in affluent residential area
Lease Terms:
The business is held on a 15 year lease from June 2006 with 3 yearly rent reviews the next one being in 2012. The current passing rent is £18,000 pa.
Trading Hours:
The business currently opens 11:00am – 3:00pm and 6:00pm until close Monday to Saturday and is close
Accommodation:
Well appointed 3 bedroom owners maisonette
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