Bars for sale in Exeter

View the "Stylish and Exceptionally Well Presented 122 Cover Bar and Restaurant" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Unbelievable, as I've saved hundreds on agents fees, by doing it myself. 

Anjam Hussain (Jun 2017)
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Leasehold Price: £125,000 Sale Agreed
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Business Description
THE PROPERTY The property comprises the four lower floors of a 6 storey Georgian Grade II Listed property. The premises have undergone a complete refurbishment to an exceptionally high standard throughout, in early 2018 with almost no stone being left unturned in creating a truly stunning state of the art restaurant and bar premises. Unfortunately, due to unforeseen circumstances, the premises are being offered for sale together with an extensive inventory of high specification fixtures and fittings, the value of which we are advised, far exceed the quoted asking price. The premises therefore offers potential for incoming operators to develop a style of trade to suit their own requirements and take advantage of this high specification restaurant and bar in a prime city centre trading location. The premises briefly comprise:- Lounge Bar Area comfortably seating 50 customers, Main Restaurant Area which can comfortably seat 72 customers, fully equipped Commercial Catering Kitchen with various ancillary, welfare facilities and a Basement Cellar and extensive storage.

SITUATION The premises form part of an imposing Georgian terrace which forms an impressive landmark building, easily identified by visitors to the city centre. The premises are situated in a prime trading location, fronting Queen Street, close to the High Street and main shopping areas and virtually opposite Central Station in the heart of Exeter city centre. The immediate area is a busy mixed use location close to Exeter College and various high density residential and office developments and is therefore well placed to benefit from the considerable commercial advantages of this much sought after trading position. The trading location also benefits greatly from both students and workers at Exeter University and Exeter College. 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 in its own right, year round. Renowned for its historic cathedral, university and waterside development, Exeter boasts excellent transport communications with two mainline rail links to London, an international airport and easy access to the M5 motorway at Junction 30.

INTERNAL DETAILS GROUND FLOOR Main entrance door to the front leading to Reception Entrance Hall with wood laminate flooring and feature glass display cabinets, opening through into Main Bar Area an attractive and impressive room with wood laminate flooring, feature fireplace (disused), range of sofas, poseur tables and chairs and armchairs comfortably seating 14 customers plus adequate standing room. Granite topped Bar Servery fitted to a high standard with range of associated back bar fittings including Altro flooring, back bar display shelving, 2 double glass fronted bottle fridges, cappuccino/coffee machine, coffee grinder, EPOS touch screen cash register with printer link to kitchen, dumb waiter to kitchen, stainless steel cocktail bar station and glass fronted upright fridge. Lounge Bar Area a feature room and continuation in style, theme and quality with wood laminate flooring, feature fireplace (disused), range of quality free standing wooden topped tables, upholstered chairs and matching upholstered fixed seating comfortably for 36 customers.

LOWER GROUND FLOOR Stairs from entrance lobby and lounge bar area or with a separate independent front access from Queen Street. Main Restaurant arranged as two interconnecting rooms with a continuation in theme, style and quality with wood laminate flooring, part exposed brick walls, 2 feature fireplaces (disused), range of quality topped tables, upholstered chairs and matching upholstered perimeter seating comfortably for 72 customers. Granite topped Bar/Restaurant Servery with Altro flooring, EPOS touch screen cash register with printer link to kitchen, glasswasher, 2 double glass fronted bottle fridges, display shelving, stainless steel cocktail bar station and dumb waiter to kitchen. Store Room.

BASEMENT (ground floor level at the rear of the building). Accessed by the main staircase and providing quality high specification Ladies & Gents WCs, Office, Store Room. Commercial Catering Kitchen in two interconnecting rooms with Altro flooring and fully wipe clean clad walls fitted to an exceptionally high standard with a comprehensive range of commercial catering equipment to include:- extractor system with stainless steel canopy and gas interlock, solid top range with double burner, stainless steel workbenches with shelving below, twin floor standing deep fat fryer, Rational Combi oven, commercial microwave oven, 2 stainless steel hand basins, 3-door under counter commercial fridge unit, warming cabinet, 6drawer and 1-door under counter commercial fridge unit, dumb waiter to upper floors, stainless steel wall shelving, under counter freezer, commercial pass-through dishwasher with tray slide, twin deep bowl stainless steel sink unit, single deep bowl stainless sink unit, stainless steel racked shelving, 2 double upright commercial fridges.

LOWER BASEMENT Various useful interlinked Storage Rooms, Beer Cellar and Boiler Room with new boiler and hot water cylinders.

Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

EXTERNAL DETAILS To the front of the premises there is a small Terrace Area. To the rear of the premises is Private Off-Road Parking with space for 2 vehicles. Bin store area.

THE OPPORTUNITY A newly renovated and extremely impressive city centre licensed bar and restaurant with established A3 use which has been fitted to an extremely high specification with a comprehensive fully equipped commercial catering kitchen and high quality fixtures and fittings throughout. A huge investment has been made in refurbishing the premises in 2018 and they are perfect for a new business to begin trading with ease, or for an existing business to move their brand. An internal inspection is essential in order to fully appreciate the exceptionally high standards inherent throughout all aspects of this stylish property. The premises are now closed and are offered for sale due to unforeseen circumstances.

LICENCE Premises Licence No EXE-P00170 allows the sale of alcohol between 10:00am and 1:00am Sunday to Thursday and 10:00am until 1:30am on Friday and Saturday. The licence allows the opening hours of 10:00am until 2:00am seven days a week.

POTENTIAL The sale of Restaurant 44 provides an excellent opportunity to purchase a high specification and fully equipped city centre bar and restaurant premises which has benefited from a huge investment in recent months, which far outweighs the asking price of the opportunity. There is therefore tremendous potential for incoming operators to develop their own trading style, or for existing operators to expand and take advantage of this sought after trading location and superior fit-out which would lend itself to a number of uses and cuisines. A viewing is essential.

EPC Grade II Listed building and therefore exempt.

RATING For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website www.voa.gov.uk.

SERVICES All main services are connected to the property.

PRICE & TENURE £125,000 for the valuable leasehold interest as a going concern business and comprehensive inventory of trade fixtures and fittings.

The premises are offered on the remainder of an internal repairing and insuring lease at the current rent of £24,000 per annum for a term of 6 years until June 2023. The lease is fully protected under the 1954 Landlord & Tenant Act and therefore fully renewable.

VIEWINGS Strictly by appointment with the vendors Sole Selling Agents.Tel:(01392)201262.Email:info@stonesmith.co.uk You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Tenure: Leasehold

Location Details:
The premises form part of an imposing Georgian terrace which forms an impressive landmark building, easily identified by visitors to the city centre. The premises are situated in a prime trading location, fronting Queen Street, close to the High Street and main shopping areas and virtually opposite Central Station in the heart of Exeter city centre. The immediate area is a busy mixed use location close to Exeter College and various high density residential and office developments and is therefore well placed to benefit from the considerable commercial advantages of this much sought after trading position. The trading location also benefits greatly from both students and workers at Exeter University and Exeter College. 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 in its own right, year round. Renowned for its historic cathedral, university and waterside development, Exeter boasts excellent transport communications with two mainline rail links to London, an international airport and easy access to the M5 motorway at Junction 30.

Leasehold Term:
£125,000 for the valuable leasehold interest as a going concern business and comprehensive inventory of trade fixtures and fittings. The premises are offered on the remainder of an internal repairing and insuring lease at the current rent of £24,000 per annum for a term of 6 years until June 2023. The lease is fully protected under the 1954 Landlord & Tenant Act and therefore fully renewable.

Listed by: Stonesmith

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2082
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