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Wine & Cocktails for all, as new venue opens in the heart of Exeter

Posted: Monday 16 April 2018

Commercial property specialist Charles Darrow is delighted to announce the sale of Hatts Bar & Restaurant on Gandy Street, Exeter.

The business, which sold off an asking price of £100,000 for the leasehold interest, had been owned by Chris & Debbie Hatt since they took over the reins in 2012, when it was originally called Coolings.

The business sits in an impressive property on Gandy Street, which has a visible frontage and briefly comprises ground floor bar/restaurant, lower ground cocktail bar, basement kitchen and a number of ancillary storage areas, incorporating circa 3,000 sq ft of trading space.

Charles Darrow introduced the new purchaser Kris Atherley-Hewings, who they new well having recently completed the sale of Riverside Stores and Post Office in the picturesque West Devon village Bridestowe .

Kris has some very exciting plans for the business, the first of which is to revert to the original name of Coolings. Kris commented: “Everyone in Exeter that has been part of the late-night scene over the past 10-15 years remembers Coolings and we want to bring it back to its former glory”.

His plans are to incorporate a creative and innovative lunchtime offering on the ground floor whilst retaining the character of the lower ground cocktail bar but wants the venue to blend as one, rather than being two distinct areas.

Jon Clyne, Director at Charles Darrow commented: “Whilst we are seeing many of the larger corporate operators on the high street struggle for market share, this is another example showing just how much appetite there is for the smaller, single site operators and the belief that they can continue to be a success. The sale is hot off the back of The Old Fire House, with Charles Darrow continuing to be actively involved in a number of key sites across the city.”