4 The Quay
FREEHOLD: £550,000 REF: 4364
LEASEHOLD: £80,000 for new 15yr lease
at £40,000 pa.
An intimate nightclub and student bar suitable for
restaurant, retail or other leisure uses, subject to any
Riva is located on the historic quay, in Exeter City centre. It adjoins
various shops, pubs, restaurants and offices, along with another large
nightclub and Crickle Pit Mill, the regional offices and visitor centre for
the Devon Wildlife Trust.
The Cathedral City of Exeter has a resident population of around
111,000 (according to the 2001 census) and is the administrative centre
for Devon. It has a retail catchment of 350,000 and is well served by
road communications and regular 125 inter city rail services. Exeter
Airport is also growing and the City was recently voted top in the
country for its quality of life.
The property is Grade II Listed and a substantial stone built former
warehouse providing inter connected trade accommodation on two
floors. It was extensively refurbished two years ago and now offers
scope for various uses. We calculate the overall Gross Internal Area to
be circa 550 sq m (5918 sq ft) as measured from the Licensing Plan.
ACCOMMODATION (All dimensions are RATING (verbal enquiries only)
Exeter City Council inform us that the property has
Double door entrance through into Reception, a Rateable Value of £39,000, with Rates Payable for
Cloaks and Ticket Office, glass doors into Riva the current year being £18,915.
Lounge with Central Island Cocktail Bar, quality
flooring, ambient lighting, concealed glass-fronted
DJ Booth, soft Seating Area/VIP Area with
purpose-built seating and tables. This area is SERVICES (advised by client)
licensed for 250 people. Customer Welfare
Facilities, access to Manager’s Office. All mains services are connected to the subject
Interconnecting stairway and also separate property.
entrance from the Quay to Downstairs at Riva
with Cloakroom, Customer Welfare Facilities and
steps down to Cellar Bar licensed for 200 with
new bar servery in aluminium with traditional back PRICE & TENURE (VAT may be chargeable in
bar fitting. Flagstone Dance Floor Area with DJ addition if appropriate)
Booth, quality lighting, foam machine. Backup
facilities include Former Catering Kitchen now Reduced to £550,000 (five hundred and fifty
used for storage. Various cellars. thousand pounds) for the freehold interest
including fixtures and fittings.
Please note: The fittings, equipment and services listed have
not been tested by the agents, although we are informed that Our clients will alternatively offer the business for
all items are in working order.
sale by way of a new 15 year full repairing and
insuring lease which will be free of tie with a rent
THE BUSINESS of £40,000 per annum with an ingoing premium of
Following major refurbishment in 2006, the Club
was reopened with an upmarket nightclub in Riva
Upstairs attracting top DJs. Riva Downstairs
opened six months later and is a popular venue for
students. However, the business will close for the An early discussion about finance can often save
time and disappointment. If you would like
summer but will offer the occasional private
independent specialist advice on funding this
property or any other purchase, contact us for
Opening Hours details of our approved brokers.
The business has now closed.
Strictly by appointment with the vendors Sole
The Premises Licence No EXE-P00325 permits Selling Agents (01392) 201262 - Email:
opening hours of 11.00 am – 2.00 am Monday to email@example.com .
Thursday, 11.00 am – 3.00 am Friday and Saturday
and 11.00 am – 11.00 pm on Sundays. There are
You are recommended to contact us before visiting
various additional conditions. the property even for an informal viewing. We can
then confirm whether or not it is still available.
Maximum numbers permitted are:
Basement – 200 and First Floor – 250.
Potential Applicants are requested to make appointments to view and conduct negotiations through the Agents. No
responsibility can be accepted for any expense incurred by fruitless journeys.
Stonesmith for themselves and for the vendors or lessors of this property whose agents they are give notice
Because of the property’s location, size and i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees,
current licences, it offers scope for a wide range of and do not constitute, nor constitute part of, an offer or contract
licensed and leisure uses. It may also be suitable ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation,
and other details are given without responsibility and anyintending purchasers or tenants should not rely on
them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to
for conversion into retail accommodation or the correctness of each of them.
offices, all subject to the necessary formal iii) no person in the employment of Stonesmith has any authority to make or give any representation or
warranty whatever in relation to this property. The word “property” throughout shall include business and
consents. trade contents if appropriate