Bidding opens Monday 23rd June 2025 at Midday and closes Wednesday 25th June 2025 at Midday.
Description
Bidding opens Monday 23rd June 2025 at Midday and closes Wednesday 25th June 2025 at Midday.
Commercial Investment – University Town Nightclub
An opportunity to purchase a popular town centre nightclub, positioned within this large University town. The property is being sold as a commercial investment, we are advised that a term of 15 years is present on the lease from the 9th October 2023 at £70,000 per annum, however, we are informed by the client that only £67,600 is being received, we would advise all interested parties to refer to the legal pack for confirmation of income and any further details. We are also advised that the total floor area measures approximately 4098 sq ft/ 380 sq m.
The club is positioned right in the heart of this coastal town centre, close to local bars, eateries and a number of retail outlets. The town is home to the University, along with The National Library of Wales, and has a train station and bus service.
Accommodation Attractive entrance, men’s w/c’s. female w/c’s, disabled w/c, cellar, utility area, kitchen area with stainless steel fixtures, prep area (former cocktail bar), dance floor, DJ booth, large store containing removable staging, main bar, seating areas, glass wash area, managers office and inner hallway with double doors leading out to delivery/service/fire escape area.
Outside: Large covered seating area with heaters.
Income We are advised by our clients that the current lease states an income of £70,000 per annum, with only £67,600 being received. The lease is for a term of 15 years from 9th October 2023.
Viewings Please contact Auction House Wales for viewing arrangements on 02920 475184.
Tenure Advised Freehold. Please refer to legal pack for confirmation.
Tenure: Freehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Loading the bidding panel...
- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.