6 bedroom block of apartments for sale

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6 bedroom block of apartments for sale

Church Street, Ebbw Vale, Gwent, Blaenau Gwent, NP23
£340,000

Our Summary

  • 00 with scope for increase
  • Great Investment Opportunity

Description

This unique mixed-use property in Ebbw Vale, South Wales, offers a rare investment opportunity. The property comprises one commercial unit and four residential flats, all of which are currently tenanted and generating a total annual income of £31,680. The flats are let on standard 12-month occupation contracts, with scope for rent increases. The property is located in a historic town with a rich industrial heritage, surrounded by beautiful countryside and offering excellent transport links, including a direct railway service to Cardiff. The town has good schools, local shops, and leisure facilities, making it an attractive place to live for families and professionals. The property is being sold for £340,000, reflecting a 9.4% gross yield, making it an excellent return for seasoned investors. Additionally, the buyer can opt for Property Partners to continue managing the tenants in the flats at preferential rates.