Iconic Central Exeter Bar & Restaurant, Devon
Key Features
- Our Ref: CD-10268
- Positioned on the main circuit in a pedestrianised area
- Many complementary traders close by
- Open plan ground floor bar & Lower ground cocktail bar
- Well-equipped commercial kitchen and ancillary areas
- Largely Wet-led, potential for greater daytime / dry trade
- C. Net T/o £750,000, with excellent ANP
- Valuable free-of-tie lease, with private landlord
- Excellent local and regional reputation
- Much recent investment
Description
• LH Price: £130,000
• Rent: £38,000 Per Annum
Coolings, one of Exeter most iconic venues is located on the popular pedestrianised Gandy Street in Exeter, surrounded by many complimentary traders and just a very short walk from the centre. The business is located on the ‘circuit’ and attracts much of its trade by repeat business, having been a staple diet of Exeter nightlife scene for many years. Which two levels and high visibility frontage, the business attracts an eclectic mix of customer base, with a more contemporary bar feel on the ground floor to a classy cocktail bar / lounge on the lower ground.
Exeter, the historic capital of Devon, is renowned for its mild climate, stunning natural beauty, and rich heritage. Often referred to as 'the City in the Country' due to its seamless blend of urban life and surrounding countryside, Exeter boasts a unique mix of ancient landmarks—such as its Roman walls and the iconic Norman cathedral—alongside modern developments. The city has a growing population of approximately 130,000, including over 30,000
students at the University of Exeter. Well-connected, Exeter benefits from excellent transport links, with easy access via Junctions 29, 30, and 31 of the M5 motorway, direct rail services to London Paddington, and Exeter Airport offering both domestic and international flights. The business is ideally situated near the city centre, just a short distance from the university, ensuring a steady flow of visitors and a vibrant local customer base.
Property details
- Tenure
- Leasehold
- Council Tax Band
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- Date Posted
- 2026-03-19
Utilities & Restrictions
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- Listed Property
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Property Features
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- Parking
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- Garden
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Map Location
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Listing agent
Charles Darrow, Devon
12 St. Pauls Road, Newton Abbot, Devon, TQ12 2HP