Lease assigned of former bar and restaurant in Cardiff

Fletcher Morgan has acted for Eldridge Pope & Co plc in the assignment of the existing lease of the former Locke & Remedy bar at 18/19 Trinity Street, Cardiff.

The building owned by Cardiff City Council has floorspace of 4,444 sq ft (across Basement and Ground Floor), and the passing rent is £130,000 per annum exclusive.

The existing lease runs until 28th January 2035. Cooke & Arkwright acted for the assignee Virgin Money Plc.