Murrell Associates have advised Cornish burger chain Hubbox in its acquisition of a new larger restaurant premises in Exeter.
Born out of Hub, situated on the harbour side of St Ives, Hubbox originally launched serving burgers from a shipping container in Truro in 2012, before moving into Exeter a year later. Last October saw its latest restaurant open in Taunton and now it starts 2019 with this redevelopment.
Its original Exeter site was a modest 36-cover restaurant. The new place will be an all-day eating and drinking venue, set across two floors and serving up to 170 covers at one time.
CEO Richard Boon said: “To say we’re excited about our move is an understatement.
“It’s our belief that if you offer a quality product, fairly priced, in cool surroundings, people will seek you out. We all know that towns are having to work harder to attract and retain shoppers. We want to be part of the solution, but for us, it’s not all about stretching our budgets to place ourselves in highly priced, High Street locations. Catherine Street is the perfect new move and we’re committed to our future there.”
Tamsin Mann, Commercial Property Solicitor at Truro based Murrell Associates advised Hubbox on the purchase of the Catherine Street site. She said: “It was a real pleasure to work with Richard and his team again, and to advise on what was a complex leasehold purchase which involved several parties. The location is a great fit for Hubbox and I wish Richard and the team every success as they expand their offer of good quality food in a cool and relaxed setting.”