Martin's is a prominently situated end of terrace two storey property which has been owned by our clients for 32 years. Located in a perennially busy trading location, Martin's is a well-established and well regarded sandwich and pie shop, and catering business, which is purposefully fitted and equipped throughout and offers an opportunity for incoming owners to purchase a fully equipped and popular business with established levels of trade. Alternatively, there are also opportunities for investors looking for a mixed use investment with undoubted potential for alternative retail uses. This prominent corner sited property briefly comprises-: A Visible Lockup Retail Premises with comprehensive Preparation/Ancillary/Storage Space for the Shop Premises all on the ground floor and a Self-Contained One Bedroom Flat above, and which has its own front door from Commins Road.
Martins is prominently situated on one of the main arterial roads leading to Exeter city centre. The property is located approximately a mile from Exeter High Street in an area that is characterised by long established independent retailers and is a popular retailing location benefitting from its proximity to a large surrounding residential area. The premises also boast a visible prominence to passing trade and benefits from readily available on street parking.
The lock up retail premises offers a prominent fully glazed corner frontage with glazed corner entrance door leading into Main Retail and Customer Servery Area 4.75m x 3.72m max (15' 6" x 12' 3" max) with Altro non slip flooring, suspended ceiling with inset lighting, wall mounted and ceiling hung menu boards. Customer Servery and Preparation Area with substantial glazed and refrigerated serve over counter, Altro non slip flooring, pasty/pie warming cabinet, extensive display shelving, commercial cappuccino machine, coffee grinder, electronic cash register, 2 microwave ovens and a twin panini contact grill. Upper Preparation Area 3.81m x 2.71m (12' 5" x 8' 9") with Altro non slip flooring, fully wipe clean clad walls, wall shelving and stainless-steel work benches. Further Lower Preparation Room 5.21m x 1.8m (17' 10" x 5' 9"), with tiled flooring, part tiled walls, stainless steel work benches, chest freezer, convection oven and meat slice. Sandwich Sealing/Packing Room 3.84m x 2.62m (12' 6" x 8' 6") with tiled flooring, wipe clean clad walls, stainless steel work benches with shelving below, 4-door commercial undercounter freezer unit, roll wrapping machine, cardboard sealing machine and stainless steel racked shelving. Wash Up Room 2.62m x 1.83m (8' 6" x 6') with tiled flooring, wipe clean clad walls, twin deep bowl stainless steel sink unit, stainless steel racked shelving, hand basin and wall mounted gas fired boiler. Goods In Area/Store Area 3.63m x 2.9m (11' 9" x 9' 5") with concrete floor, wipe clean clad walls, work surfaces with storage cupboards below, stainless steel handbasin and delivery door to side leading on to Commins Road. Walk Through Cold Room 3.9m x 2.62m (12' 8" x 8' 6") with stainless steel racked shelving. Rear Preparation/ Store Room 4.2m x 3.17m (13' 8" x 10' 4") with Altro non slip flooring, wipe clean clad walls, separate pedestrian entrance to side, extensive perimeter stainless steel work benches with shelving below, chest freezer, stainless steel deep bowl sink unit and hand basin. Staff WC with hand basin.
ONE BEDROOM FLAT
The flat is separately accessed from a private door on Commins Road, to the side of the property and which leads into a ground floor Entrance Lobby with under stairs cupboard and a single flight of stairs leads to Sitting Room 4.79m x 3.57m (15' 7" x 11' 7") with dual aspect windows to the front. Kitchen/Diner 3.96m x 2.68m (13' x 8' 8") fitted with a range of modern base and wall mounted kitchen units with complementary work surfaces, built in electric hob and oven, space for dining table and aspect to the rear. Bedroom 3.81m x 3.14m max (12' 5" x 10' 3" max) a good-sized double bedroom with built in cupboards to the recess and aspect to the rear. Bathroom fitted with a modern white bathroom suite with shower over the bath. The flat is current let and produces a rental income of £595 per month.
Small Bin Store Area to the side.
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.
Martin's trades as a busy sandwich and pie shop which also undertakes some wholesale supplies and outside catering. The premises occupies a prominent trading position and has been established for around 38 years and owned by our clients for the last 32 years. The business boasts an excellent reputation and has an established regular repeat custom. The business offers a variety of freshly prepared sandwiches, filled rolls, wraps, baguettes and salad bowls, complimented by paninis, hot and cold drinks, pies, pasty's, cakes, flapjacks, crisps and confectionary. As well as the popular retail trade, the business also offers wholesale supply and outside catering, although by our client's own admission this side of the business has been largely scaled back in recent years, particularly with retirement in mind. However, with the established name and reputation the business has, our clients firmly believe that this side of the business could be further exploited with further potential to develop the outside catering business. The business which benefits from a 5-star food hygiene rating also has its own website which provides some further background information. Our clients have created a friendly, professional and modern catering business which sees excellent levels of repeat custom and which is boosted by a good passing trade. Our client is prepared to offer a full handover and training to interested parties, should they so desire it.
We, the agents, feel that whilst the business is highly successful, the space on offer could be equally suitable for alternative uses and trades making it suitable for either owner occupation or as an investment opportunity given that the flat is currently producing a rental income of £7,140 per annum There is also an opportunity to rent the ground floor retail premises and derive an investment income from this area too.
Full detailed trading information can be made available to interested parties following a formal viewing appointment.
The Energy Performance Certificate Rating for the commercial element is to be advised.
The Energy Performance Rating Certificate for the residential element is to be advised.
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website
The property benefits from mains water, gas and electricity.