Core

The property comprises a part brick built 3 storey public house/night club fronting Mary Arches street with older two storey building to the rear, fronting St Olaves Close. A rare city centre freehold of just over 0.1 acres. Trading as a bar and late night leisure venue over three trading areas the with enclosed rooftop beer garden the property suits its existing use or may lend itself to alternative use, subject to planning approval.

Core is situated on Mary Arches Street, just off Fore Street. The area sits between the main retail areas which include Princesshay, The High Street and Guildhall shopping centre and Fore Street, which is predominantly independent retail and locally regarded as the independent quarter. It is considered a popular location for late night leisure, with development nearby to bring more student and residential apartments into the city.

Exeter has a last reported population of circa 130,000 in addition to 35,000 students who study at the university. It is the capital city of Devon with strong educational and commercial sectors, supported by tourism to the historic centre, underpinned by retail and leisure.

All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net / gross internal basis.

Set out over three trade areas over two floors with a former self contained manager's flat on the third floor. The property briefly comprises the main customer entrance to ground floor with long bar servery and seating area on two levels. Accessible WC. Lower ground floor with customer toilets, lift to first floor, cloakroom, former kitchen/wash up, various stores and beer cellar. Upper ground floor with separate bar and and DJ booth with various stores. The first floor provides for third bar and seating area, enclosed roof terrace, office and staff rooms. The third floor can be accessed internally or independently from the street and has not been in use following installation of the trade extraction system. It had provided for a self contained flat with kitchen, lounge, two bedrooms and bathroom. The site is described also by way of the attached floor plans

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £99,000, therefore making the approximate Rates Payable £54,945 before a 40% government discount for the trade until March 2026. Council tax band B.

We understand that mains electricity, gas, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.

C(73)

Each party to be responsible for their own legal fees in relation to this transaction.

All figures quoted are exclusive of VAT if applicable.