Baker Street Cinema, Baker Street, Abergavenny, NP7 5BB

Guide price

£450,000

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Other leisure

Key features

  • Independent cinema
  • Two screens with 280 seat capacity
  • Town centre location
  • Potential to increase turnover
  • Potential for alternative use STPP
  • Freehold
  • Christie & Co Ref: 5890033

Description

Description

Baker Street Cinema is an independent 280 seat cinema based in the heart of Abergavenny known as the “Gateway to Wales” and is surrounded by a variety of restaurants, shops and hotels. The cinema is housed within an important historic (but unlisted) building built in 1896 as a Drill Hall. Since then, it has had a variety of uses from a Dance Hall to DIY shop / Carpet retailer to a Bed showroom.
The Cinema was created by the current owners in 2010 and has been run as a successful lifestyle business. It is now offered for sale for the first time since its creation, due to the owners’ wish to retire. A new owner may choose to either operate the business themselves or employ a manager to run the business for them. Alternatively there is also scope for the building to be modified for other uses, subject to obtaining the relevant planning permissions (STPP).

Location

Baker Street Cinema is located in the centre of Abergavenny, a popular Welsh town with a vast array of restaurants, shops and hotels, which in 2017 was named one of the best places to live in Wales. The town attracts many tourists and hosts an array of events, such as The National Eisteddfod of Wales in 2016 which attracted around 150,000 visitors.
Abergavenny is promoted as a “Gateway to Wales” and is situated approximately 6 miles from the English border. It is a medieval walled town which contains the remains of a medieval stone castle. Merthyr Tydfil is the nearest large town with a population of 43,820 (2011), situated approximately 19 miles away.

Car – The meet point of the A40 and the A465 is located at Abergavenny allowing the town to be easily accessible by car and other motor transport. There is a public car park 250m away and disabled parking adjacent to the cinema.
Train – Abergavenny train station is located 0.8 miles south east of the cinema (an 18 minute walk).
Bus – Abergavenny bus station is located 0.4 miles south east of the cinema (an 8 minute walk).

Internal Details

TWO SCREENS
FOYER with BOX OFFICE / KIOSK
LADIES/GENTS/DISABLED TOILETS
SINGLE PROJECTION ROOM
MANAGER’S OFFICE
STAFF ROOM
STOCKROOM
CLEANER’S STORE

Fixtures & Fittings

All fixtures and fittings included as an operating 2 screen cinema: 
Projection by: Sony Digital Cinema 4K
Screens
Sound systems
280 SEATS
2 x Energy-Efficient Gas Boilers (installed 2021 & 2017)
Both Auditoria Air-Conditioned

Structure of Sale

Baker Street Cinema is available for sale as a fully equipped going concern business (asset plus business sale).

The Opportunity

The cinema comprises two screens with 160 and 120 seats respectively.
Once through the main entrance you are greeted by a foyer with box office and kiosk selling popcorn, confectionary and hot and cold drinks.
The two auditoria are located on the ground floor just off the foyer with ladies and gentlemen’s toilets located on the first floor and disabled toilet and stockroom on the ground floor.
The cinema is a neatly streamlined operation easily managed with minimal staff.
The business is currently open 6 days per week (closed Mondays) with one performance nightly and two performances on a Saturday and Sunday night during term time. There are two performances daily during school holidays.
The cinema has a reputation for screening mostly mainstream films as well as some well-chosen more up-market films aimed at the more discerning mature audience.

Trading Information

Accounts available upon request.

The property is elected for VAT.

Ticket prices
Adults £10
Under 15 £8.50
All showings after 7pm £10

Trading Hours

Currently open 6 days a week (closed Mondays).
Licensed for 7 days a week.

Tenure

Freehold

Additional information
Service charge
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Business rates
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Use class
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Listed building
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Business for sale
Yes
Energy performance certificate: D

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Baker Street Cinema, Baker Street, Abergavenny, NP7 5BB

NEAREST STATIONS

National Rail

Abergavenny Station

0.71 miles

About Christie & Co, Retail

Christie & Co, Retail

Established in 1935, Christie & Co has more than 90 years of specialist business and property expertise. From buying and selling to valuations, consultancy and capital markets, our specialists support clients throughout the business and property lifecycle.

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Disclaimer - Property reference 5890033-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.