MapGuide price
£57,000Mixed use for sale
85 Bailey Street, Brynmawr, Ebbw Vale, NP23 4AW
Auction
Sold STC
Mixed use
4 beds
Features and description
- Tenure: Freehold
- Advised Freehold to be verified by solicitor
- Homestead cafe has been in situ for 18 years on a rolling contract, they have indicated that they would like to stay and currently pay £425 per calendar month. Flat is vacant.
FOR SALE BY AUCTION - -Lot 35 - Mixed Use Property
ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
Situated 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 ground floor of the property is tenanted and is achieving a monthly rental of £425. Homestead cafe have been in situ for 18 years and are looking to continue with their lease. The ground floor has a large open space with kitchen and toilet.
The upper floors are accessed via a separate entrance and are comprised of a large four bedroom flat. The first floor comprises of a large living room, kitchen, bathroom and two bedrooms. The top floor offers a further two bedrooms. 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. Grants maybe available for the renovation of the property, contact Blaenau Gwent Council.
Location
Homestead cafe is positioned in the centre of Brynmawr, with a mix of shopping, cafes and pubs with excellent bus links in and out of the town. The area containing Bailey Street, Brynmawr, Ebbw Vale, Wales contains a higher than average level of rented housing (excluding social housing) - 46% of household spaces. This contrasts with the national average of just over 19.5%. There is a shortage of good rental property and Bailey street flat would be an excellent investment for rental. NP23 is perfectly situated to experience the best of Newport. It is within easy reach of the city centre and is close to the beach, the M4 motorway and the Brecon Beacons National Park. It is a popular area for families and young professionals alike, and has a friendly local community.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that no VAT is due on the sale of this property.
AccommodationFloorDescriptionArea Sq FtArea Sq MGround FloorCafe412.4738.32First Floor FlatKitchen253.6023.56Living Room264.9024.61Bedroom 3127.2311.82Bedroom 480.847.51Bathroom36.813.42Top FloorBedroom 1183.2017.02Bedroom 270.406.54
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Homestead cafe has been in situ for 18 years on a rolling contract, they have indicated that they would like to stay and currently pay £425 per calendar month.
Flat is vacant.
ONLINE AUCTION from 10th DECEMBER-12th DECEMBER
Situated 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 ground floor of the property is tenanted and is achieving a monthly rental of £425. Homestead cafe have been in situ for 18 years and are looking to continue with their lease. The ground floor has a large open space with kitchen and toilet.
The upper floors are accessed via a separate entrance and are comprised of a large four bedroom flat. The first floor comprises of a large living room, kitchen, bathroom and two bedrooms. The top floor offers a further two bedrooms. 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. Grants maybe available for the renovation of the property, contact Blaenau Gwent Council.
Location
Homestead cafe is positioned in the centre of Brynmawr, with a mix of shopping, cafes and pubs with excellent bus links in and out of the town. The area containing Bailey Street, Brynmawr, Ebbw Vale, Wales contains a higher than average level of rented housing (excluding social housing) - 46% of household spaces. This contrasts with the national average of just over 19.5%. There is a shortage of good rental property and Bailey street flat would be an excellent investment for rental. NP23 is perfectly situated to experience the best of Newport. It is within easy reach of the city centre and is close to the beach, the M4 motorway and the Brecon Beacons National Park. It is a popular area for families and young professionals alike, and has a friendly local community.
Services
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that no VAT is due on the sale of this property.
AccommodationFloorDescriptionArea Sq FtArea Sq MGround FloorCafe412.4738.32First Floor FlatKitchen253.6023.56Living Room264.9024.61Bedroom 3127.2311.82Bedroom 480.847.51Bathroom36.813.42Top FloorBedroom 1183.2017.02Bedroom 270.406.54
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
Homestead cafe has been in situ for 18 years on a rolling contract, they have indicated that they would like to stay and currently pay £425 per calendar month.
Flat is vacant.
About this agent
The company was established by Paul Fosh in 2001 following a long career in estate agency with companies situated across South Wales. Since 2001 the company has grown into the leading property auction house in Wales.