1 /2
£1,600,000
Business Opportunity In The City Centre, Exeter, EX4
- 0 beds
£1,600,000
- 0 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£7,304 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£80,000
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A BUSINESS OFTEN DESCRIBED AS THE BUSIEST INDEPENDENT BUSINESS IN EXETER WITH A YEARLY TURNOVER IN EXCESS OF ?2 MILLION OPENING 6 DAYS A WEEK 11.00 ? 2100HRS.
Massive scope for increase of turnover with extended opening hours and alcohol licensing.
At present family run.
Reason for sale: the family want a life.
A totally refurbished double fronted Main Street restaurant/takeaway and delivery outlet with rear access that has had over ?200k spent on it in the last 12 months.
This business is the big brother of a smaller business that grew and expanded in smaller premises adjacent to this site over a period of 5 years.
The smaller site had grown but the business had outgrown the premises and so the move.
This present business has now grown yet again.
This site in mid-2022 was completely gutted and refurbished to include walls/flooring/
electrics/plumbing/gas supply and kitchen.
Trading:
From reopening on
?Oct 11th '22 ? 29th ?77K
?November'22. ?177k
?December'22 ?115k (takeaway only due to staff holidays/many travel back to Thailand for the Christmas/New Year)
Full accounts-Jan/Dec '21 available
Unaudited accounts for '22
Situation
The property is located in the lively Cathedral City of Exeter, which offers a rich heritage and is a fantastic place to live and work. It is a thriving City with so much to see and do. The City's Gothic Cathedral presides over pockets of cobbled street, Medieval and Georgian architecture, quaint boutique shops and fine dining eateries.
The Historic Quay side is host to any number of activities including kayaking, climbing, sailing and cycling. Also dotted around the Quayside are a vibrant variety of cafes, shops and restaurants.
Exeter is a stylish, thriving and versatile place to be, it is lively and yet relaxed with everything you will need for a happy, healthy lifestyle. Located off Junction 30 on the M5 in the picturesque County of Devon. Richmond Court is only a 10-minute walk from the major trains stations and the city centre.
For further information or to arrange a viewing please contact our office.
Massive scope for increase of turnover with extended opening hours and alcohol licensing.
At present family run.
Reason for sale: the family want a life.
A totally refurbished double fronted Main Street restaurant/takeaway and delivery outlet with rear access that has had over ?200k spent on it in the last 12 months.
This business is the big brother of a smaller business that grew and expanded in smaller premises adjacent to this site over a period of 5 years.
The smaller site had grown but the business had outgrown the premises and so the move.
This present business has now grown yet again.
This site in mid-2022 was completely gutted and refurbished to include walls/flooring/
electrics/plumbing/gas supply and kitchen.
Trading:
From reopening on
?Oct 11th '22 ? 29th ?77K
?November'22. ?177k
?December'22 ?115k (takeaway only due to staff holidays/many travel back to Thailand for the Christmas/New Year)
Full accounts-Jan/Dec '21 available
Unaudited accounts for '22
Situation
The property is located in the lively Cathedral City of Exeter, which offers a rich heritage and is a fantastic place to live and work. It is a thriving City with so much to see and do. The City's Gothic Cathedral presides over pockets of cobbled street, Medieval and Georgian architecture, quaint boutique shops and fine dining eateries.
The Historic Quay side is host to any number of activities including kayaking, climbing, sailing and cycling. Also dotted around the Quayside are a vibrant variety of cafes, shops and restaurants.
Exeter is a stylish, thriving and versatile place to be, it is lively and yet relaxed with everything you will need for a happy, healthy lifestyle. Located off Junction 30 on the M5 in the picturesque County of Devon. Richmond Court is only a 10-minute walk from the major trains stations and the city centre.
For further information or to arrange a viewing please contact our office.
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£7,304 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£103,250
Mortgage and legal costs:
£999
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