A PROMINENTLY POSITIONED RETAIL AND RESIDENTIAL PROPERTY, WITH A WELL-ESTABLISHED AND POPULAR SANDWICH/PIE SHOP AND CATERING BUSINESS – INVESTMENT OPPORTUNITY!
MARTIN’S, 75 PINHOE ROAD, EXETER, DEVON, EX4 7HT
FREEHOLD: £295,000
Commercial property specialists Stonesmith, are delighted to be marketing the sale of “Martin’s” – an end of terrace two storey property which has been owned by our clients for 32 years. Located in a 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. The business is situated on one of the main arterial roads leading to Exeter city centre, approximately one mile from Exeter High Street. The area is characterised by long established independent retailers and benefits from its proximity to a large surrounding residential area. The premises also boast a visible prominence to passing trade and has readily available on street parking.
Martin’s trades as a busy sandwich and pie shop which also undertakes some wholesale supplies and outside catering. There is 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 SelfContained One Bedroom Flat above, and which has its own front door from Commins Road.
The business boasts an excellent reputation and has an established regular repeat custom. They offer an extensive menu of freshly prepared items and beverages. 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 has its own website www.martins-catering.com which provides some further background information. Our client is prepared to offer a full handover and training to interested parties, should they so desire it.
The freehold business is on the market for an asking price of £295,000. Full property details are available on our website: www.stonesmith.co.uk and viewings arranged by calling 01392 201262.
