Bar and nightclub for sale
Property description & features
- Tenure: Leasehold (6 years remaining)
Proximity to Key Landmarks:
o Exeter Central Station: Just a 1-minute walk.
o Exeter High Street: A 5-minute walk away.
• Neighbouring Facilities:
o Adjacent to Exeter College, which benefits from roughly 12,000 students.
o Strategic positioning between the bustling town centre and the prestigious Exeter university, which has approximately 25,000 students.
o Substantial residential areas close by, providing a steady local customer base.
Facilities:
o Commercial Kitchen: A fully equipped kitchen, capable of supporting both the café and the events venue.
o Restrooms: Separate, well-maintained men's and ladies' toilets.
o Office: A dedicated office space, providing a quiet area for administrative tasks.
o Storage: A large basement area offering ample storage solutions.
o Parking: Space for 3-4 vehicles, a rare convenience in such a central location.
Financials:
• Annual Rent: £24,000
• Service and Rateable Value: Full rateable value at £12,000 per annum.
• Offers: Seeking offers above £100,000.
Imposing Georgian Terrace: The premises form part of an imposing Georgian terrace – an impressive landmark building, easily identified by visitors to the city centre.
This property is an excellent investment for entrepreneurs and established businesses seeking a central location with high visibility and foot traffic. Its current use as a multi-purpose venue demonstrates its versatility and potential for various commercial uses. With its prime location, comprehensive facilities, and attractive rental terms, this property is a gem in Exeter's commercial real estate market.
For more information or to arrange a viewing, please contact us today.
Rooms
GROUND FLOOR
Beauty Salon: A vibrant, front-facing area with bi-folding doors, currently housing a variety of beauty services including hairdressers, nail and brow technicians, a tattoo artist, and a piercer. Each professional rents space on a commission basis, creating a dynamic and cooperative environment.
Café: Another front-facing area perfect for serving the busy pedestrian traffic. This cozy café is ideal for attracting both locals and students.
UNDERGROUND SPACE
Bar and Events Venue: A versatile underground area currently used as a bar and events space, specializing in popular weekly bottomless brunches. The venue holds a late licence to sell alcohol until 2 am on peak nights, making it a prime location for nightlife and special events.
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Property reference RX400064. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Smart Estate Agents - Exeter.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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