HISTORIC BUILDING UNDER THE HAMMER
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.