The Green Gables is situated on Buddles Lane in Exeter and is located in a prominent position, with the pub playing a huge part of the local community. Exeter is a small city and is one of the most vibrant, attractive and historically interesting cities in England. Exeter has a real sense of individuality, its varied cultural scene is embraced by proud locals, and the diverse mix of eateries means it’s renowned as one of the foodie capitals of the South West with plenty of opportunities for adventure. This is the perfect place to try a new activity, or simply relax and enjoy the stunning scenery. It’s located within one mile of the cathedral, the Royal Albert memorial and the town centre with the train station also just under one mile away on foot.
Pub Layout
The Green Gables was commissioned by the City Brewery to serve the Broad Meadow Estate and as a pub, dates back to around 1923. The pub has a beer garden on three sides all of which are laid to lawn. The front area is also partially laid to patio and is a great sun trap for customers. On entering the pub there is a seating area with a mixture of fixed and loose seating and also one main bar servery. To the right of the bar, there is a games room that holds the pool table and gaming machine. To the rear left of the pub there is a snug room with its own independent access from the main bar and a serving hatch that is in the middle of the main back bar. This snug area can be used for darts matches and can also be separated from the main bar area and can cater for gatherings or functions. The Green Gables also benefits from being on a suburban road with plenty of on-street parking, surrounded by many chimney pots and within easy walking distance.
The private accommodation is all on the first floor and includes, lounge, kitchen, bathroom and four bedrooms. The private accommodation was included in the recent refurbishment and also has its own external access.
Annual Rent: £26,250 (Starting rent of £15,000 p/a (net))
Business Rates: Nil*
Security Deposit: £3,000 (Building to £5k during tenure)
Working Capital: £3,000
Stock: £3,000
F&F: £14,000 – Funding options may be available for the right licensee
Tie: All drinks categories are tied. For fully funded licensees on long term agreements, we offer free-of-tie options for certain drinks categories in exchange for an annual fee.
Training: £325 plus VAT
For a breakdown on financial information, please refer to the ‘Additional Info’ tab.
* Based on the April 2023 rating list, the Nil Rates Payable is based on small business rates relief being applied and the licensee only occupying one property for commercial purposes.
This is a really exciting opportunity and Admiral Taverns are looking for a new licensee who not only has the passion and drive to run a community pub, but who also has experience at re-launching a new trading offer and delivering a shared vision. Externally the garden is under utilised and with some benches, brollies and regular upkeep the outside areas could be used all year round. There is also the room to develop an outside offer here such as a small outdoor BBQ or year round pizza oven.
Love Your Pub Group will send the above details on your behalf to your selected product provider(s)
Insurance disclaimer
Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited. Registered in England No 4043759.
Registered address: 2 Minster Court, Mincing Lane, London EC3R 7PD. Authorised and regulated by the Financial Conduct Authority.
Finance disclaimer
Portman Finance Group includes Portman Asset Finance Limited (Reg No: 06226530) which is authorised and regulated by the Financial Conduct Authority for its credit broking activities and deals with a panel of lenders (FRN: 719988), Portman Leasing Limited (Reg No: 06797365) authorised and regulated by the Financial Conduct for Consumer Hire lending (FRN: 723730) and Portman Commercial Finance Limited (Reg
No: 10011121). The companies within Portman Finance Group are all registered in England and Wales with registered offices: 1 Pavilion Court, 600 Pavilion Drive, Northampton, NN4 7SL
Mortgage disclaimer
The Mortgage Hut Limited is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority. The Mortgage Hut Limited. Registered Office: Ground Floor, Threefield House, Threefield Lane, Southampton, Hampshire, SO14 3LP Registered in England Number: 07629941
Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1.5%, but a typical fee is 0.3% of the amount borrowed.
MISREPRESENTATION ACT 1967
The Love Your Pub Group 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.
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