10 Bakers Row, Cardiff, CF10 1AL
- PROPERTY TYPE
Detached
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
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%. Please note lot 26-27 St Mary Street in this auction which is connected with this property.
Description
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.
Accommodation
GF - Entrance area
LGF - Main nightclub area, stores, WC's.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (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.
Further Information
Auctioneers Office, Seel and Co or our joint auctioneers Matthew Tice Jones of Fletcher Morgan on
Viewing
Viewing by appointment with Seel and Co or our joint auctioneers Matthew Tice Jones of Fletcher Morgan on
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
10 Bakers Row, Cardiff, CF10 1AL
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Visit our security centre to find out moreDisclaimer - Property reference 291531. 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 Seel & Co Ltd, Cardiff - Auctions. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Seel & Co Ltd, Cardiff - Auctions on 029 2271 6399.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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