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Freehold Restaurant Investment For Sale in Exeter

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For Sale by Auction on 19th September 2024, Freehold Restaurant Investment, 164 Heavitree Road, Exeter, EX1 2LZ

2,601 Sq Ft / Leisure / Investment

Withdrawn - Last updated: 19 September 2024

For Sale by Auction on 19th September 2024

The property comprises a large attached two storey building arranged as a ground floor open plan restaurant with 66 covers, together with separate access to residential accommodation above on the first floor.  The residential accommodation comprises a self-contained two bedroom flat and three further bedrooms with a shared bathroom.

Location

The historic cathedral city of Exeter is is a princial administrative and service centre in the South West Peninsula and is well served by transport communications with the M5 motorway running to the east of the city, an intercity railway station and a regional airport to the east of the city.

The property is situated on the south side of Heavitree Road, close to a busy crossroad junction with Barrack Road in a mixed commercial and residential area.

Accommodation

Ground Floor - Retail - 193.62 sq m (2,084 sq ft)

First Floor - Residential - 48.02 sq m (517 sq ft)

Total - 241.64 sq m (2,601 sq ft)

Terms

Tenure - Freehold

Guide Price - £XXX

Specification

  • By order of the Joint Fixed Charge Receivers
  • Freehold restaurant investment
  • Ancillary first floor includes a two bedroom flat and three additional bedrooms
  • Entirely let to an individual for a term of 20 years from 03/05/2013 (ths having approximately 9 years unexpired)
  • Producing £XXX per annum

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