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RIVA 4 The Quay Exeter_ Devon

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					                          RIVA
                       4 The Quay
                      Exeter, Devon




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
                    necessary consents.

  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)
approximate).
                                                                 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
                                                                 £80,000.
Trading Style

 Following major refurbishment in 2006, the Club
was reopened with an upmarket nightclub in Riva
                                                                 FINANCE
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
function.
                                                                 property or any other purchase, contact us for
Opening Hours                                                    details of our approved brokers.

The business has now closed.
                                                                 VIEWINGS
Licences/Fire Certificate
                                                                 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                    info@stonesmith.co.uk .
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
                                                                                                                      that:
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

				
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