CARDIFF CITY CENTRE – INVESTMENT PROPERTY
£ 1,800,000
Tenure
Freehold
Description
£145,000 per annum income (increasing to £150,000)
8% yield
Renowned hospitality venue with corporate tenant
Licensed for 700
Licensed to 4am
Located in main city centre on the ‘circuit’
The principality’s capital city of Cardiff needs little introduction and has an expanding population of over 1/3 of a million and is a famed city centre, being home of the Principality Stadium, home of Welsh rugby, and used for many sporting and leisure events. Cardiff, due to its capital status, is a major European city with many businesses and commerce located there. It is also recognised for its waterfront: ‘Cardiff Bay’. In addition, it is home to three major universities and has a catchment area with a population which exceeds one million, it being the focal point for all Welsh Valleys, the neighbouring city of Newport, and the lush and rich Vale of Glamorgan.
It is noted for its night life and is a popular destination for stag dos, parties etc, and of course, with the rugby stadium located in the city centre, is vibrant on the days of the Internationals. However, it is not reliant purely on this rugby stadium: the City’s football club is now in the top 20 best supported teams in the English league. The Welsh National Opera House, New Theatre, and ICC Convention Centre are also centrally located, with theatres and live music also attracting many visitors throughout the year.
The subject property is an attractive, three storey building reflecting the Victorian history of Cardiff when the city grew during the late Georgian and Victorian era, due to being the centre of the world’s coal industry. Indeed, the first million-pound cheque was written at the Coal Exchange in Cardiff. It is a substantial sized property, originally the Philharmonic Hall, which extends to over 15,000 sq.ft. It is licensed for 700 and has a 04:00 licence. Whilst it is let to well established corporate clients who, even if they were not to renew their agreement at the end of the term, there would be no shortage of applicants for one of Cardiff’s largest and most prime venues.
8% yield
Renowned hospitality venue with corporate tenant
Licensed for 700
Licensed to 4am
Located in main city centre on the ‘circuit’
The principality’s capital city of Cardiff needs little introduction and has an expanding population of over 1/3 of a million and is a famed city centre, being home of the Principality Stadium, home of Welsh rugby, and used for many sporting and leisure events. Cardiff, due to its capital status, is a major European city with many businesses and commerce located there. It is also recognised for its waterfront: ‘Cardiff Bay’. In addition, it is home to three major universities and has a catchment area with a population which exceeds one million, it being the focal point for all Welsh Valleys, the neighbouring city of Newport, and the lush and rich Vale of Glamorgan.
It is noted for its night life and is a popular destination for stag dos, parties etc, and of course, with the rugby stadium located in the city centre, is vibrant on the days of the Internationals. However, it is not reliant purely on this rugby stadium: the City’s football club is now in the top 20 best supported teams in the English league. The Welsh National Opera House, New Theatre, and ICC Convention Centre are also centrally located, with theatres and live music also attracting many visitors throughout the year.
The subject property is an attractive, three storey building reflecting the Victorian history of Cardiff when the city grew during the late Georgian and Victorian era, due to being the centre of the world’s coal industry. Indeed, the first million-pound cheque was written at the Coal Exchange in Cardiff. It is a substantial sized property, originally the Philharmonic Hall, which extends to over 15,000 sq.ft. It is licensed for 700 and has a 04:00 licence. Whilst it is let to well established corporate clients who, even if they were not to renew their agreement at the end of the term, there would be no shortage of applicants for one of Cardiff’s largest and most prime venues.
Country
Wales
County
Cardiff
Address
Coyote Ugly, St Mary Street
Post Code
CF10 1FA
Website URL
Under Offer
No
Reference Number
95014
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