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Ship & Pelican

54 Fore Street, Heavitree, Exeter, Devon, EX1 2RR
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REFURBISHMENT PLANNED

Facilities

Beer Garden
External Drinking Area
Catering Kitchen
Function Room
Team Games
Pool Area
Car Park
  • Beer Garden
  • External Drinking Area
  • Catering Kitchen
  • Function Room
  • Team Games
  • Pool Area
  • Car Park

Location

Ingoing Cost: £13,699.00
Rent: £38,000.00
Agreement Type: Tenancy / Lease
Reference Number: 924-11 / 206151

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.

Fantastic Opportunity which is subject to a proposed refurbishment

Property Features:

The subject of a proposed refurbishment, the Ship and Pelican is located on the main road into the city of Exeter. This prime corner plot high street location presents a fantastic opportunity to generate income through both passing trade and local residents. The demographic of this area is largely mixed, with both students and suburban families living in the surrounding area.

Internally, The Ship and Pelican has two trading areas consisting of a main bar and a separate function room. The main bar has discrete sections that will allow the pub to cater for both drinking and casual dining. The separate function room has its own bar and a skittle alley and provides an opportunity to generate income through private parties.

The pub features a fully equipped catering kitchen which will be revamped as part of the refurbishment and enough floor space to cater for over 40 covers.

Externally, the pub features a large car park which is a real advantage for a high street pub. There is also a large courtyard that allows outdoor trade in the warmer months.

Trading Style:

The Ship and Pelican is currently successfully trading as a 100% wet-led community pub and has a strong community following through several sports teams and a great drinks offer. The refurbishment planned on this pub will focus on introducing an excellent food offer to compliment the strong community following. Therefore, the planned refurbishment will include a revamp and upgrading of the catering kitchen to accommodate for the 40+ covers in the pub.

The ideal operator will have a wealth of experience successfully running a good food pub with a strong community following. Experience dealing with sports teams would also be highly advantageous.

Private Accommodation:

Consists of 3 bedrooms, living room, kitchen, bathroom and storage room, and where required there will be appropriate works carried out in line with the landlords Ready to Trade promise.

Key Financial Information

Please be aware Energy Performance Certificates are available from the landlord.

In order to ensure a successful start-up, all applicants must have a minimum £10,000 un-borrowed funds.

The Estimated Lessee Fixtures & Fittings (F&F) Value assumes that the pub will be let on a Rolling Tenancy or Business Start-Up Agreement, where we own the majority of the F&F. The F&F Value for Full Repairing & Insuring Leases will be significantly more.

MISREPRESENTATION ACT 1967

FindMyPub.com gives notice that the contents of these particulars are believed to be correct but are given without responsibility and intending purchasers or lessees should satisfy themselves by inspection or otherwise to their correctness. These particulars do not form any part of any offer or contract and no person in the employment of the company has any authority to make or give representation of warranty to this property.