Nightclub investment property with a very long established tenant in the centre of Cardiff, extending to approximately 4,000sqft (372sqm) over the ground and majority basement areas. Income of £34,000pa representing an Initial Gross Yield of over 15%.
The property itself occupies the basement mainly, with a small semi-detached entrance building on the ground floor, facing Bakers row in the heart of Cardiff city centre and the approximate breakdown of the space is 351 sqft (33sqm) on the ground floor and 3,657 sqft (340 sqm) to the basement which runs under the property 26-27 St Mary street which we are listing for sale as the previous lot in this auction.
The property has been occupied for decades by the nightclub 'Metros' trading as Metro’s (Club Metropolitan Limited) and we are informed they are signed on a 10 year lease from 17/02/2025 on an annual rental of £34,000+vat per annum. Review is upward only and after 5 years and 10 years to market value. However, please refer to the legal pack once available for details and confirmation of all tenancy details.
Please see the full 3D VR tour once available and we will also be adding further internal photos and plans in the coming days.
We understand that VAT is applicable for this sale but interested parties are invited to examine the legal pack for further details.
GF - Entrance area
LGF - Main nightclub area, stores, WC's.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions or our joint auctioneers Matthew Tice Jones of Fletcher Morgan on 02920 378921
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117 or our joint auctioneers Matthew Tice Jones of Fletcher Morgan on 02920 378921
FOR SALE BY PUBLIC AUCTION on Tuesday, 10 June 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 9 June and conclude in order from Lot 1 at 4:00 pm on Tuesday, 10 June 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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