Prominent city centre building sold to experience Indian restaurateurs
For the past 50 years the former Judge Jefferys in Magdalen Street in Exeter has traded as a public house. It has now been acquired by local restaurateurs and will be reopening as an Indian restaurant report licensed property specialists Stonesmith of Exeter.
The property, which occupies a highly visible corner site close to the Southerhay office area and Southgate Hotel, is adjacent to the Magdalen Street car park, which has 96 spaces. It also benefits from 10-15,000 cars passing daily.
The property was purpose built in 1950/60’s for Heavitree Brewery and in recent years traded as The Acorn, Branch Office, Judge Jefferys and latterly Tiggas Bar. The business was closed in September 2009 and has now been acquired by Ahmet Alnozir and Mahmudus Rhaman who will reopen soon as The Bay Leaf Restaurant.
At present the property is being extensively renovated and refurbished, including a new restaurant area, commercial kitchens and customer welfare facilities. The property will then provide a ground floor restaurant with 80 plus covers with first floor managers flat and outside a small lawn and parking area.
Stonesmith acted for the owners, a local investment company, and quoted a rent guide of £23,500pa.
