CIRCUIT & Steinbeck Shaw Greyfriars Road Cardiff CF10 3DP

CIRCUIT & Steinbeck Shaw
Greyfriars Road
Cardiff
CF10 3DP

Freehold Prime City Centre Leisure Investment

Substantial Bar/Nightclub let by way of a reversionary lease until June 2036 (Subject to Options)(2)
Imminent rent review
Prime Cardiff City Centre position close to Cardiff Castle and Cardiff Queen Street Station
Attractive Grade II Listed building extending to approximately 3,676.73 sq. m. (39,469 sq. ft.)
Popular leisure location just off Queen Street
Nearby occupiers include John Lewis, Marks & Spencer, Zara, H&M, Next, Boots, Starbucks, Tesco Express and JD Sports

Lot
10
Auction
11th June 2026
Rent
£232,862 per Annum Exclusive
(1)
Status
Available
Guide*
£1,000,000+
Auction Venue
Live Streamed Auction
On behalf of a Major Fund

Interested?

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Freehold Prime City Centre Leisure Investment

Substantial Bar/Nightclub let by way of a reversionary lease until June 2036 (Subject to Options)(2)
Imminent rent review
Prime Cardiff City Centre position close to Cardiff Castle and Cardiff Queen Street Station
Attractive Grade II Listed building extending to approximately 3,676.73 sq. m. (39,469 sq. ft.)
Popular leisure location just off Queen Street
Nearby occupiers include John Lewis, Marks & Spencer, Zara, H&M, Next, Boots, Starbucks, Tesco Express and JD Sports

Lot 10
Auction 11th June 2026
Rent £232,862 per Annum Exclusive (1)
Status Available
Guide* £1,000,000+
Sector
Leisure
Auction Venue
Live Streamed Auction
On behalf of a Major Fund

Property Information

Location

Miles: 24 miles west of Bristol, 42 miles west of Swindon, 42 miles east of Swansea
Roads: M4, A48, A470
Rail: Cardiff Central Railway Station, Cardiff Queen Street Railway Station
Air: Cardiff Airport, Bristol Airport

Situation

The property is situated in a prominent corner position at the intersection of Greyfriars Road and Park Place in the heart of Cardiff City Centre. Greyfriars Road runs parallel to Queen Street, one of Cardiff’s principal retailing thoroughfares, and the property is within a short walk of both Cardiff Queen Street and Cardiff Central railway stations. Nearby occupiers include John Lewis, Marks & Spencer, Park Plaza Hotel, Zara, H&M, Next, Boots, Starbucks, Yates, Tiger Tiger and JD Sports.

Tenure

Freehold.

Location

Miles: 24 miles west of Bristol, 42 miles west of Swindon, 42 miles east of Swansea
Roads: M4, A48, A470
Rail: Cardiff Central Railway Station, Cardiff Queen Street Railway Station
Air: Cardiff Airport, Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial Grade II Listed bar/nightclub. The accommodation is arranged over basement, ground and first floors, together with mezzanines and balcony areas, and extends to an approximate gross internal area of 3,676.73 sq.m. (39,469 sq. ft).

The property may be suitable for alternative uses or residential or Hotel redevelopment. Subject to Consents.

VAT

VAT is applicable to this lot.

EPC

Band B.

Description

VAT

VAT is applicable to this lot.

EPC

Band B.

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Area sq m	Gross Internal Floor Area sq ft	Tenant	Term	Rent p.a.x.	Rent Review
Basement Ground Mezzanine First First Mezzanine	Nightclub/Bar	453.73 1,239.87 516.81 1,232.34 233.98	(4,884) (13,346) (5,563) (13,265) (2,411)	CC STIM UK TRADECO 5 LTD (CRN: 13258800) t/a CIRCUIT and Steinbeck & Shaw	10 years from 24/06/2026 (2)	£232,862 (1)	24/06/2026 24/06/2031
Total Approximate Gross Internal Area		3,676.73	(39,469)			£232,862

(1) Under the terms of the lease, the rent is made up of (a) the base rent is currently £175,000 plus VAT per annum and (b) the turnover rent equates to 10% of gross turnover where this amount exceeds £175,000 per annum. The turnover rent is subject to a cap which is reviewed in line with the base rent on the same review dates. For the year ending 2025/2026 the turnover rent equated to £57,862 plus VAT.
(2) The lease provides for mutual break options on 1st February and 1st August in any year upon giving not less than 12 months prior written notice.
N.B. A rent deposit of £90,862.87 is held by the Landlord.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.