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Baker Street Cinema, Baker Street, Abergavenny, NP7 5BB

Guide Price
£625,000

Business rates & charges may apply

Christie & Co, Retail
SIZE

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SECTOR

Leisure facility for sale

Key features

  • Independent cinema
  • Two screens with 280 seat capacity
  • Town centre location
  • Potential to increase turnover
  • EPC Rating D
  • Freehold
  • Christie & Co Ref: 5890033

Description

Description

Baker Street Cinema is an independent 280 seat cinema based in the heart of Abergavenny known as the “Gateway to Wales” and is surrounded by a variety of restaurants, shops and hotels. The cinema is housed within an important historic (but unlisted) building built in 1896 as a Drill Hall. Since then, it has had a variety of uses from a Dance Hall to DIY shop / Carpet retailer to a Bed showroom.
The Cinema was created by the current owners in 2010 and has been run as a successful lifestyle business since this time and is offered for sale for the first time since its creation, due to the owners’ wish to retire. There is scope for a purchaser to either operate the business themselves or employ a manager to run the business.

Location

Baker Street Cinema is located in the centre of Abergavenny, a popular Welsh town with a vast array of restaurants, shops and hotels, which in 2017 was named one of the best places to live in Wales. The town attracts many tourists and hosts an array of events, such as The National Eisteddfod of Wales in 2016 which attracted around 150,000 visitors.
Abergavenny is promoted as a “Gateway to Wales” and is situated approximately 6 miles from the English border. It is a medieval walled town which contains the remains of a medieval stone castle. Merthyr Tydfil is the nearest large town with a population of 43,820 (2011), situated approximately 19 miles away.

Car – The meet point of the A40 and the A465 is located at Abergavenny allowing the town to be easily accessible by car and other motor transport. There is a public car park 250m away and disabled parking adjacent to the cinema.
Train – Abergavenny train station is located 0.8 miles south east of the cinema (an 18 minute walk).
Bus – Abergavenny bus station is located 0.4 miles south east of the cinema (an 8 minute walk).

Internal Details

TWO SCREENS
FOYER with BOX OFFICE / KIOSK
LADIES/GENTS/DISABLED TOILETS
SINGLE PROJECTION ROOM
MANAGER’S OFFICE
STAFF ROOM
STOCKROOM
CLEANER’S STORE

Fixtures & Fittings

All fixtures and fittings included as an operating 2 screen cinema: 
Projection by: Sony Digital Cinema 4K
Screens
Sound systems
280 SEATS
2 x Energy-Efficient Gas Boilers (installed 2021 & 2017)
Both Auditoria Air-Conditioned

Structure of Sale

Baker Street Cinema is available for sale as a fully equipped going concern business (asset plus business sale).

The Opportunity

The cinema comprises two screens with 160 and 120 seats respectively.
Once through the main entrance you are greeted by a foyer with box office and kiosk selling popcorn, confectionary and hot and cold drinks.
The two auditoria are located on the ground floor just off the foyer with ladies and gentlemen’s toilets located on the first floor and disabled toilet and stockroom on the ground floor.
The cinema is a neatly streamlined operation easily managed with minimal staff.
The business is currently open 6 days per week (closed Mondays) with one performance nightly and two performances on a Saturday and Sunday night during term time. There are two performances daily during school holidays.
The cinema has a reputation for screening mostly mainstream films as well as some well-chosen more up-market films aimed at the more discerning mature audience.

Trading Information

Accounts available upon request.
Ticket prices
Adults £10
Under 15 £8.50
All showings after 7pm £10

Trading Hours

Currently open 6 days a week (closed Mondays).
Licensed for 7 days a week.

Tenure

Freehold

Energy Performance Certificates

EPC 1

Brochures

Baker Street Cinema, Baker Street, Abergavenny, NP7 5BB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Abergavenny Station0.7 miles

About Christie & Co, Retail

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 5890033-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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