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Cardiff's only dedicated rock and live music bar will close if new plans for student flats in a city centre building are given the go-ahead.

Cardiff Barfly, in the basement of Northgate House, on Kingsway, closed in September 2010, but was given a new lease of life as Bogiez six months later.

However, plans have now been submitted by the building’s owner to redevelop Northgate House into a 66-bedroom student block.

According to a planning application, submitted by TVE Ltd, the nightclub basement will be used as “ancillary space for the student accommodation”.

The documents state TVE Ltd recently purchased the basement “with the intention to overcome obvious acoustic issues”, adding that the “rather unsightly nightclub entrance” will be replaced with a new lobby.

Bogiez manager Tom Martin yesterday said he was unaware of the plans as the premises was still under lease from Cardiff brewery SA Brains.

“Nobody has spoken to us. At the end of the day we are happy and trading and we have got a lease in place,” Mr Martin said.

According to its website, Bogiez has gigs booked throughout the summer and as late as September, and this afternoon the venue released a further statement through its Twitter account @Bogiez.

It said: "Some media speculation has resulted in masses of people panicking (which we've been watching unfold on Twitter and slowly migrating to Facebook since this morning).

"Genuinely awesome to witness the huge amount of passion and support for the venue HOWEVER, the worry is quite unnecessary. We appreciate there has been a tragic run of rock venue closures across the country over the past few years which no doubt fuels this fire a little bit.

"There is a POTENTIAL residential development occurring next door to our venue. IF the said development gets approval and goes ahead, it'll take quite some time to complete (well over a year currently).

"We're on good terms with the developers and have been in consultation with them for several months, they are working with us and we with them. There is no "We're Being Forced Out!!" thing going on here. Everything is cool."

SA Brains did not confirm yesterday that the basement had been sold, only saying it was “considering various scenarios”.

“S A Brain and Company Limited holds a long leasehold interest in the basement at Northgate House which has been sublet to Bogiez via Barfly Holdings (Cardiff) Limited,” a statement said.

“We are considering various scenarios in respect of this site at present but cannot be more specific at this time.”

The Barfly staged shows by the likes of Kings Of Leon, Ash and The Killers, before shutting its doors after 10 years in September 2010 following a takeover of Barfly’s London-based owners Mama Group by HMV.

Barfly had been suffering financially from a downturn in the number of people going to its shows and club nights.

The original Bogiez opened its doors at its own purpose-built club located on Penarth Road in 1982 and built up a regular and fiercely loyal following of regulars.

Other Cardiff music venues which have closed in recent years include Millennium Music Hall, in Wood Street.

The venue, in the plaza next to the Millennium Stadium, was replaced by a gym in May 2011.

The Point, Cardiff Bay, closed its doors in 2009 after spiralling debts and noise complaints.

And the Toucan Club closed its doors on five separate occasions in different parts of the city, most recently in May 2010.