Queen Street, Exeter, Devon, EX4

A rare opportunity to acquire a prime restaurant & bar within the landmark Exeter Rougemont Hotel, located directly opposite Exeter Central Station in the heart of the city.

The property comprises a fully fitted ground-floor restaurant and bar with a commercial kitchen and extraction system in place. The space historically traded as Drakes Restaurant & Bar and benefits from back-of-house access for deliveries. Exact floor area and covers are available on request, with potential for outdoor seating subject to licence/consent.

The unit is positioned within the 98-bedroom, 4 star Exeter Rougemont Hotel, offering an immediate in-house customer base alongside strong external footfall from rail, retail, cultural and university demand. The hotel provides extensive meeting and banqueting facilities, with reported capacities of up to c.250, creating additional F&B revenue opportunities linked to events.

The location is one of the most prominent in Exeter. Exeter Central Station is directly opposite, handling ~2.78m entries/exits in 2023/24, while Exeter St Davids (Devon's principal rail hub) is a short train ride away. The property is moments from the Royal Albert Memorial Museum, Cathedral Quarter, and Princesshay retail centre, anchoring robust all-day and evening trade.

Key demand drivers include the University of Exeter (~30,000 students), regional shopping/leisure hubs, cultural tourism, and strong business travel. Surrounding occupiers include Zizzi, Franco Manca, Turtle Bay, The Botanist, and other established operators within the Queen Street Dining circuit.

The restaurant is ideally suited to branded F&B concepts or strong independent operators seeking a flagship presence in a high-footfall city centre location with the benefit of an established hotel partnership.

Lease terms, rent, floorplans, and further details are available on request.