High Yield Investment Property in Cardiff City Centre with Corporate Tenant
Cardiff Town, Cardiff
- Status
FOR SALE
- Advert ID
615277
- Reference
95014 / Rightbiz
- Call Agent:
- Freehold: £1,800,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Fully Fitted
- Prime Location
- Town Centre location
- Adjacent to Multiple Retailers
- Close to Local Amenities
- Established Business
- Split Level Trading Area
- High Turnover
- Open Plan Trading Area
- Large Business for Sale
Business Details
CARDIFF CITY CENTRE – INVESTMENT PROPERTY
£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.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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