Fully licensed bar and venue for sale in Cardiff's student area

Description

Fully Licensed Bar & Music Venue – Cathays, CardiffA rare opportunity to acquire a fully licensed bar and venue located in the heart of Cathays, one of the most densely populated and sought-after student districts in Cardiff. Positioned on a prominent corner frontage, the property benefits from excellent visibility and high footfall within this vibrant area.The premises comprise a ground floor bar area and games room, a lower ground floor function and events space, customer facilities, a comprehensive commercial-grade kitchen, and a rear beer garden. The layout offers versatility for live music, private events, themed nights, and general hospitality use.The property holds a premises licence permitting both ON and OFF sales. Licensed hours are:Monday to Thursday: 8:00am – 11:30pmFriday and Saturday: 8:00am – 1:00amSunday: 9:30am – 11:30pmWe are advised that the property benefits from conditional A3 consent. While ideally suited as a premium bar and music venue, alternative uses may be considered subject to local authority approval.Key features include a fully fitted commercial kitchen, established reputation, beer garden, strong student customer base, and significant scope for further growth. The area’s high student population ensures consistent demand throughout the academic year.Terms:The property is available by way of a new lease, with lease length negotiable.Rent: £18,000 per annumDeposit: £4,500 (equivalent to three months’ rent)Premium: £70,000 inclusive of fixtures and fittingsBroker fee: £2,500 plus VATThis is an excellent opportunity for an experienced operator or investor seeking a well-positioned licensed venue in one of Cardiff’s busiest hospitality areas.