HIS­TORIC BUILD­ING UN­DER THE HAM­MER

Carmarthen Journal - - Front Page - IAN LEWIS 07790 591150 [email protected]­di­awales.co.uk

ONE of Car­marthen’s iconic build­ings goes un­der the ham­mer at auc­tion next week.

The grade two listed Lyric Build­ings in King Street, which houses five re­tail units, a night­club and of­fices com­prises 27,699sq ft.

The auc­tion takes place in Lon­don on De­cem­ber 5 and the build­ing has a guide price of £700,000 - £750,000 with auc­tion firm Acui­tus.

The free­hold sale would see all ex­ist­ing re­tail­ers, Met­ros night­club and Mo­jito bar re­main, but un­der a new over­all land­lord for the build­ing which heads around into Queen Street.

Shops and firms in­clude hair­dresser Mor­gan Ed­ward, the Bri­tish Red Cross shop and Jackie James Menswear; as well as na­tion­wide charity Cere­bra which has its head­quar­ters on the up­per floors in part of the build­ing.

The ad­ja­cent Lyric Theatre it­self is not part of the sale.

The auc­tion comes just three years after a restora­tion project of the build­ing which boasts a “strik­ing 1930s mod­ernist style” ac­cord­ing to the book Lod­wick’s His­tory of Car­marthen.

The three-month project in the sum­mer of 2015 saw works to ex­ter­nal fa­cias, shop fronts and roofs.

That work was car­ried out by Lon­don-based prop­erty and in­vest­ment spe­cial­ists M&M As­set Man­age­ment on be­half of a Lux­em­bourg based firm.

How­ever, it is un­clear if the build­ing is still owned by the same firm.

Acui­tus said it could not com­ment on who the cur­rent owner of the Lyric Build­ings is.

The web­site sim­ply states the prop­erty is up for auc­tion “on be­half of a ma­jor fund man­ager.”

Listed as ‘lot 21’ on the Acuitas web­site for the auc­tion, Car­marthen is men­tioned as be­ing “ranked as one of the top re­tail cen­tres in Wales in 2017”.

Turn­ing to the build­ing it­self, the list­ing states: “The build­ing com­prises ac­com­mo­da­tion on base­ment, ground and three up­per floors to pro­vide five re­tail units, a night­club and five of­fices suites.”

The auc­tion takes place at the Radis­son Blu Port­man Ho­tel, Port­man Square, Maryle­bone, Lon­don.

The grade two listed Lyric Build­ings in Car­marthen will go to auc­tion on De­cem­ber 5 in Lon­don.

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