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Mixed use for sale
85 Bailey Street, Brynmawr, Ebbw Vale, NP23 4AW
£57,000
85 Bailey Street, Brynmawr, Ebbw Vale, NP23 4AW
£57,000
Our Summary
- FOR SALE BY AUCTION - -Lot 35 - Mixed Use Property ONLINE AUCTION from 10th DECEMBER-12th DECEMBERSituated in the heart of Brynmawr square is this excellent mixed use commercial residential property in need of renovation
- This corner plot has a huge amount of potential
- The property is in need of a full refurbishment and is an ideal purchase for an investor looking for a project as a long term investment
- Subject to relevant consents there may be potential to convert the upper floors into two separate flats
Description
This mixed-use property in Brynmawr, Wales, is a corner plot with a tenanted ground floor cafe, Homestead, which has been in operation for 18 years and has a monthly rental income of £425. The upper floors, accessed via a separate entrance, consist of a four-bedroom flat that requires a full refurbishment. The property has potential for conversion into two separate flats, subject to relevant consents, and grants may be available for renovation. Located in the heart of Brynmawr, the property benefits from excellent bus links and a mix of shops, cafes, and pubs. The area has a higher-than-average level of rented housing, making it an attractive investment opportunity. The property requires modernization, but with some renovation work, it could be a lucrative investment for a buyer looking for a long-term project.