Huge Restaurant/Pub For Sale

Business description

This freehold business has massive potential. It currently operates as a 70 cover restaurant plus 80 cover banqueting hall. In addition there is an adjoining 2 bedroomed house and 8 letting rooms upstairs. It has recently been taken back from a previous tenant by the landlord who is building up the trade to the days when it was doing £10k per week. For the last 28 years Gino's Restaurant has been a long standing fixture on the Exeter fine dining circuit. Occupying a superb position in the city centre and built into the old Roman city walls the building was originally an old brewery. It is however like an iceberg with what you can see from the road being only a small part of the overall property. The building is spread over three stories. On the street level there is a 70 cover restaurant which has been recently refurbished with a long bar occupying one wall. Outside the restaurant on the street is an area within the property's boundary that could provide outdoor seating for a further 25-30 covers.

Next door is an office which leads into a two bedroomed house with bathroom, kitchen and sitting room suitable for a manager or let for a rental of £600+ per month.

From the restaurant stairs descend to a huge function room/banqueting hall with a double height ceiling that will comfortably seat 80 people. From here, with some minor building work, it would be possible to access an external area which looks out over the adjoining park and which would make a lovely beer garden/external eating area. Alternatively this external area could be developed for housing.

There is a massive commercial kitchen with large cold room and many other nooks and crannies suitable for storage, wine cellaring etc. There is also a yard outside with more storage sheds as well as the original Yeasting Oven.

On the top floor the property is currently divided into 8 letting bedrooms used by the staff with a sitting room, 3 bathrooms, laundry room and kitchen. These could be developed and turned into apartments or upgraded into bed-sits or student accommodation.

Across the road is a Council car park.

This is a huge inner-city property which offers fantastic scope and potential. It could be developed into residential apartments, converted into commercial office space, continued to be used as a restaurant or turned into a gastro pub, B&B. small hotel or bar nightclub. The opportunities are endless!

Property information

Property:

Freehold

Living accommodation:

Manager's 2 bedroom house,8 letting bedrooms used by staff with sitting room, 3 bathrooms,laundry room and kitchen could be developed and turned into apartments.

Location:

Prime location in the middle of the city centre, the back of property overlooks a park. Opposite is a Council run car park.

Other information

Reasons for selling:

Retirement

Trading hours:

monday to saturday

Financing available:

Yes, to be discussed

Website:

www.businesssalescentre.com

Related documents:

• 
• Document

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