Summary - First Floor Flat 14-16 Mary Arches Street EX4 3AZ
1 bed 1 bath Pub
Rare freehold late‑night venue with three bars and rooftop terrace—prime investor opportunity..
Freehold late‑night venue in Exeter city centre, guide price £500,000
Three separate internal bars plus enclosed rooftop beer garden
Approx. 4,356 sq ft over multiple floors; lift to upper levels
Former manager's 2‑bed flat currently out of use after extraction works
Located between principal retail and independent Fore Street quarter
High rateable value £99,000; estimated rates c. £54,945 pre‑relief
Conservation area location may restrict external alterations and redevelopment
Very high local crime and deprived area profile — consider operator risk
A rare freehold late‑night leisure venue in Exeter city centre offered at guide price £500,000. The property extends to approximately 4,356 sq ft across three trading areas with an enclosed rooftop beer garden, three internal bars, lift access and a former manager’s flat — currently out of use after extraction works. It is actively trading and sits on a compact 0.1 acre site between the principal retail heart and the independent Fore Street quarter, drawing strong student and evening footfall.
This is primarily an investor or operator opportunity: the building is suited to continued use as a bar/nightclub (Sui Generis) and may suit alternative uses subject to planning. The property benefits from double glazing, mains gas heating, an EPC C(73) and clear service connections, but interested parties should verify utilities and the condition of plant and extraction equipment.
Important downsides are factual and significant: the location records very high crime and a deprived local profile, and the property sits in a conservation area which may constrain major external changes. The upper self‑contained flat has been unused since trade extraction was installed and may require refurbishment or re‑commissioning. Business rates are material (rateable value £99,000; estimated rates payable c. £54,945 before temporary relief).
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