For Sale by Auction on 25th July 2024, Freehold Mixed-Use Investment, 48 Bethcar Street, Ebbw Vale, NP23 6HG

For Sale by Auction on 25th July 2024

Location

Ebbw Vale is easily accessible from the A465 (Heads of the Valley road) and many other nearby towns including Brynmawr, Abertillery and Blaenavon and borders Brecon Beacons National Park.

The A465 Heads of the Valleys Road runs just to the north with direct access to the town and its industrial estates.

A direct hourly service between Ebbw Vale and Newport started in January 2024. A railway service to Cardiff Central began on 6 February 2008 with trains serving the town from the new Ebbw Vale Parkway railway station. An extension of the line to a new northern terminus, Ebbw Vale Town, was opened on 17 May 2015.

The property is located on the east side of Bethcar Street in a mixed use area.

Accommodation

A three storey mid terrace property of traditional construction, consisting of a ground floor retail unit, trading as a funeral directors and two 3-bedroom flats on first and second floors.

Ground floor - 222 sq m (2,390 sq ft)

Flat 1 - 78 sq m (840 sq ft)

Flat 2 - 95 sq m (1,023 sq ft)

Total - 395 sq m (4,253 sq ft)

There is car parking to the rear of the property for about 4 cars.

Terms

Specification

• Upon the instructions of the Joint Fixed Charge Receivers
• Freehold mixed use investment - retail and two large 3 bedroom flats
• Attractive gross yield of 17.48%
• Suit investors
• Currently producing £30,600 per annum