Events Theatre, Conference Centre and Wedding Venue with Licensed Restaurant and Bar in Gwynedd for Sale.
Sympathetically converted very recently, at no expense spared, into a unique, astounding and breath-taking entertainment venue, featuring a large restaurant and magnificent domed theatre with stage for live entertainment and flexible seating. Clever conversion of the basement from former jail cells to a cocktail bar, artists green room, artists dressing rooms and stores. Additionally, and with separate access and stairwell, there exists living accommodation – indeed planning has been approved for conversion of the first and second floors into one or two luxury apartments. The property is fully licensed for the sale of alcohol and provision of live and recorded music, plays, dance, film showings and is also sought after as a wedding venue, for events, meetings and conferences. The building could also be converted into a boutique hotel or become a magnificent and prestigious dwelling (subject to planning).
Location: Simply stunning and situated within the old town walls, directly facing Caernarfon Castle, 200m from the main visitors’ entrance, this magnificent neo-classical former courthouse building boasts a symmetrical frontage of seven bays and tetrastyle portico with Doric columns. The centre of this historic town is just a few short steps away, as is the harbour and Menai Straight looking out toward the isle of Anglesey.
The property: This exquisite building is Grade I listed and has been extensively repaired after it was acquired in quite poor condition by our client. The subsequent conversion created a live entertainment theatre from the original Crown courtroom, a large and elegant restaurant from the original Magistrates’ courtroom, a lower ground floor cocktail lounge in the Witness Room, an artistes’ Green Room, plus a collection of dressing rooms, storage rooms and utility areas from the former cells beneath the courthouse.
Additionally, there is approximately a further 140 sq m (1,502 sq ft) forming the first and second floor accommodation which has planning approval for a luxury apartment. The raised gallery in the theatre with seating for 50 has not been included within the above measurements. There is also an attic void which gives access to the glass domed architectural feature above the theatre, also unaccounted for in the above measurements. The Bench Bistro seats 60 diners. The Theatre capacity is 250 (including 50 in the gallery). The Witness Room bar lounge and Green Room can accommodate up to 60 guests. The voa website advises that the current rateable value is £39,000.
The business: Our client’s vision and tenacity, gave rise to the restoration and protection of this historically vital building, whilst at the same time providing the town with an elegant venue for the promotion of music performance and cultural arts. The kitchen has been superbly equipped with top shelf commercial catering equipment and serves both the Bench Bistro and the Theatre. The potential for a unique and successful restaurant / events / wedding venue here is hugely evident, especially given the outstanding refurbishment of the building, its fit-out and its opulence. The impending Royal investiture will undoubtedly spotlight Caernarfon once again and bring tens of thousands of additional tourists to the town and castle where it is was last held. The proximity of the Old Courthouse to the castle will guarantee masses of footfall.
The offer: The entire property is offered Freehold at an asking price of £1.3 million. Each party will be responsible for their own legal costs in the transactional process.
EPC Band D.