Revolution Bar, 9-11 Castle Street Cardiff Mid Glamorgan CF10 1BS

  • Revolution Bar, 9-11 Castle Street<br>Cardiff<br>Mid Glamorgan<br>CF10 1BS

Revolution Bar, 9-11 Castle Street
Cardiff
Mid Glamorgan
CF10 1BS

Freehold City Centre Bar/Restaurant and Office Investment

  • Comprises a Substantial Bar/Restaurant with 4 Newly Refurbished Office Suites
  • Bar/Restaurant Let to Revolution Bars Ltd until 2042
  • Approximately 20,323 sq ft (1,887.98 sq m)
  • Situated in Established City Centre Leisure Pitch
  • Directly Opposite Cardiff Castle and near the Principality Stadium
  • Nearby Occupiers include Flight Club, Slug & Lettuce, The Alchemist and Numerous Bars/Clubs
  • Lot
    10
  • Auction
    27th March 2024
  • Rent
    £287,000 per Annum Exclusive
    with 3 Vacant Office Suites
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Leisure
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Freehold City Centre Bar/Restaurant and Office Investment

  • Comprises a Substantial Bar/Restaurant with 4 Newly Refurbished Office Suites
  • Bar/Restaurant Let to Revolution Bars Ltd until 2042
  • Approximately 20,323 sq ft (1,887.98 sq m)
  • Situated in Established City Centre Leisure Pitch
  • Directly Opposite Cardiff Castle and near the Principality Stadium
  • Nearby Occupiers include Flight Club, Slug & Lettuce, The Alchemist and Numerous Bars/Clubs
  • Lot 10
  • Auction 27th March 2024
  • Rent £287,000 per Annum Exclusive with 3 Vacant Office Suites
  • Status Available
  • Guide* Contact Us
  • Sector
    Leisure
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
45 miles west of Bristol, 42 miles east of Swansea
Roads
A4161, A48, M4 (Junction 32)
Rail
Cardiff Central Railway Station, Cardiff Queen Street Railway Station
Air
Cardiff Airport
Situation

The property is situated in the heart of the City Centre on Castle Street at its junction with Castle Arcade. Castle Street is regarded as one of the primary destinations for nightlife in Cardiff with nearby occupiers including Flight Club, Slug & Lettuce, The Alchemist and numerous bars/clubs.

Directly opposite the property is Cardiff Castle, which attracts more than 300,000 visitors a year and the Principality Stadium with its 74,500 capacity is 200m south west of the property.

Tenure

Freehold.

Location
Miles
45 miles west of Bristol, 42 miles east of Swansea
Roads
A4161, A48, M4 (Junction 32)
Rail
Cardiff Central Railway Station, Cardiff Queen Street Railway Station
Air
Cardiff Airport
Situation

The property is situated in the heart of the City Centre on Castle Street at its junction with Castle Arcade. Castle Street is regarded as one of the primary destinations for nightlife in Cardiff with nearby occupiers including Flight Club, Slug & Lettuce, The Alchemist and numerous bars/clubs.

Directly opposite the property is Cardiff Castle, which attracts more than 300,000 visitors a year and the Principality Stadium with its 74,500 capacity is 200m south west of the property.

Tenure

Freehold.

Description

The property comprises a bar/restaurant on the ground, basement and first floors with capacity for 1,200 guests and seating capacity for 120 guests. The second floor comprises four recently refurbished self contained office suites that are separately accessed from Castle Street.

The restaurant/bar benefits from a substantial external terrace to the rear and the office suites also benefit from a small roof terrace to the front, facing Cardiff Castle, and two to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a bar/restaurant on the ground, basement and first floors with capacity for 1,200 guests and seating capacity for 120 guests. The second floor comprises four recently refurbished self contained office suites that are separately accessed from Castle Street.

The restaurant/bar benefits from a substantial external terrace to the rear and the office suites also benefit from a small roof terrace to the front, facing Cardiff Castle, and two to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas
Approx sq m (1)
Floor Areas
Approx sq ft (1)
Tenant Term Rent p.a.x. Rent Review
(Reversion)
Unit 1 Ground
Basement
First
Bar/Restaurant
Bar
Ancillary
656.16
189.30
342.35
(7,063)
(2,038)
(3,685)
REVOLUTION BARS LIMITED (CRN:08838980) with a guarantee from INVENTIVE GUARANTEECO LTD (CRN: 08838565) (2) 35 years from 14/12/2007
£250,000
14/12/2027 and 5 yearly
(13/12/2042)
Unit 2 First Bar
319.01
(3,434)
REVOLUTION BARS LIMITED (CRN:08838980) with a guarantee from INVENTIVE GUARANTEECO LTD (CRN: 08838565) (2) 31 years from 01/12/2011
£25,000
14/12/2027 and 5 yearly
(13/12/2042)
Office Suite 1 Second Office
100.16
(1,078)
VACANT POSSESSION -
-
-
Office Suite 2 Second Office
122.52
(1,319)
VACANT POSSESSION -
-
-
Office Suite 3 Second Office
78.98
(850)
HOLLIS GLOBAL LIMITED (CRN: 13400429) 5 years from 19/07/2019
£12,000
(18/07/2024)
Office Suite 4 Second Office
79.50
(856)
VACANT POSSESSION -
-
-
Total Approximate Floor Area    
1,887.98
(20,323)
   
£287,000
 

(1) The floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates)
(2) Revolution Bars Limited operate a portfolio of around 90 venues across the UK employing 3,000 people (www.revolutionbarsgroup.com).

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    26.03.24
    File Size
    80 MB
    Login to View
  • Brochure
    Updated Date
    27.03.24
    File Size
    4 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Mishcon de Reya Africa House, 70 Kingway
London
WC2B 6AH
Nicholas Kirby 020 3321 7000nicholas.kirby@mishcon.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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