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Commercial Street, Maesteg CF34 Terraced house for sale
Commercial Street, Maesteg CF34
£86,000
Commercial Street, Maesteg CF34
£86,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 29th July 2025 at 04:15 PM with registration through our website
- DescriptionThis Versatile freehold property offers a unique opportunity for investors, developers, or business owners, combining a ground floor commercial unit with a spacious first-floor space currently being used for storage but with its own independent entrance to the rear has potential for change of use and converted back to a flat for residential accommodation (subject to necessary consent)
- Future income streams are available with the ground floor commercial unit, the potential change of use and conversion to a flat or apartment on the first floor and development on the land (subject to necessary consents)
- The building whilst appearing to be structurally sound with a recently fitted new slate roof requires some modernisation in places both internally and externally but offers a solid foundation for a variety of retail or service-based businesses
- The first floor space (currently vacant and being used by the ground floor business for storage) offers spacious accommodation and various rooms - ideal for conversion subject to any necessary planning consents or continued use as storage if desired
- There is land to the rear of the building with nearby road links presenting opportunity for building development subject to the necessary planning and consents
- Established location close to local amenities and transport links with potential for future growth and development
- The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
This freehold mixed-use building in Maesteg offers a unique investment opportunity, featuring a ground floor commercial unit and a spacious first-floor space with potential for change of use and conversion to a residential flat (subject to necessary consent). The commercial unit, currently occupied by a long-standing retail clothing store, benefits from a prominent high street position with excellent visibility and foot traffic. The first floor space, currently used for storage, has various rooms and offers flexibility for future development opportunities. The property also features rear parking and development land, presenting potential for building development subject to necessary planning consents. With a balanced mix of residential and commercial activity in Maesteg, this property offers a solid foundation for a variety of retail or service-based businesses, as well as potential for future growth and development.