WELL PRESENTED LICENSED RESTAURANT OCCUPYING A PRIME TRADING POSITION IN AFFLUENT AND VIBRANT TRADING LOCATION CLOSE TO EXETER CITY CENTRE
RESTAURANT PREMISES, 29 MAGDALEN ROAD, ST LEONARDS, EXETER, DEVON, EX2 4TA
LEASEHOLD: £30,000
Stonesmith are delighted to be marketing the sale of this purposefully fitted and equipped licensed restaurant. The property occupies a prominent and much sought-after location in the popular and vibrant trading area of Magdalen Road, close to Exeter City Centre. Magdalen Road is located in the affluent St Leonards residential area and the Southernhay business district and Exeter City Centre are also close by and within easy walking distance. Magdalen Road is characterised by a variety of well-established high-quality independent retailers. Exeter 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
29 Magdalen Road is a substantial mid terraced property which is presented to a high standard throughout and currently operating as a thriving and well-regarded licensed restaurant. It has been owned by our clients and run completely under management for over 3 years. The premises are purposefully fitted and equipped as a licensed restaurant and there is an opportunity for incoming operators to purchase a popular business with undoubted potential to develop their own style of trade and to take advantage of the prominent and prime trading position. A real feature of this business is the impressive family sized Self-Contained Maisonette above the restaurant. Please note that the Meat59 name and branding will be retained by our client’s as this is used in association with our client’s other business interests.
The premises briefly comprise:- Attractive Main Restaurant, being split level with three areas and seating 46 customers; fully equipped Commercial Catering Kitchen; well-presented and completely Self-Contained Owner’s Apartment with 3 Double Bedrooms, spacious open plan Sitting Room, Kitchen and Dining Room and a Family Bathroom.
Currently the business trades as a busy independent gourmet burger restaurant and is fully licensed. The business trades on deliberately restricted opening hours. Our clients have owned the business for over 3 years during which time they have refurbished and improved the property and consequently the business is now presented in excellent order throughout and offers a purpose equipped and fitted catering business opportunity.
The leasehold business is on the market for an asking price of £30,000. Full property details are available on our website: www.stonesmith.co.uk and viewings arranged by calling 01392 201262.
