Popular gig venue Tramshed is up for sale
The property now belongs to Cardiff Council
The popular gig venue Tramshed is now up for sale for more than £3 million after a long battle to determine its future.
Tramshed is a Grade II listed building on Claire Road and Pendyris Street in Grangetown which spans over 57,000 sqft, with most of the property being used for commercial purposes. The building hosted an art gallery, dance studios, cafes, office spaces, and even more than 30 apartments.
Tramshed opened its doors as an entertainment venue in October 2015 and soon became a popular place for gigs, but since the covid pandemic, the property has been in turmoil, alongside many others, with the music industry has been facing many problems due to the inability to open in the pandemic.
The venue has been in trouble since June of last year, when DS Holdings proposed plans of expanding the apartments.
Tramshed then requested people in Cardiff and Grangetown to support their plea, and although the support to the plea succeeded in gathering large numbers, the final decision to shut and sell the venue made by the landlord, D S Holdings stood ground as no gigs or events because of coronavirus plunged the property into losses.
Estate Agent Savills, who is incharge of selling the property, says that the lease hold of the property is for 999 years since 2015, and Cardiff Council will be the ultimate owner of it.
Although the building is now up for sale, the event company TEJ MGR, which runs the gigs inside the building, continues to remain as the long-term holders until 2030. A spokeswoman for TEG MJR said: “We have a long term lease at Tramshed and look forward to working with the future owners of the building in bringing the best live music and events to Cardiff.”