Auction Property Development Property 

Beaufort Street, Brynmawr, Ebbw Vale

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Features

  • Auction date: 25th & 26th September 2019
  • Arranged over two floors
  • Freehold with vacant possession
  • First shop and second floor offices
  • Former council office building
  • Approximately 345.6 Sq m (3,720 Sq ft)
  • Town centre location
  • Planning application reference: C/2018/0242
  • Planning permission to redevelop into five flats and a shop
  • Excellent transport links

Address

18-19 Beaufort StreetBrynmawrEbbw ValeGwentNP23 4AQ
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Property Details

•For Sale By Online Auction – 25th & 26th September 2019
•Guide Price: £85,000+
•Town Centre Commercial/Residential Development Opportunity
•Planning Permission to Convert into five flats and a shop
•Freehold with Vacant Possession

A substantial two storey property occupying a town centre location on Beaufort Street, Brynmawr. The property was previously used as council offices and more recently the ground floor has been used for general retail. The first floor benefits from a mixture of open plan and smaller cellular office content with staff and wc facilities. Access to the first floor is provided at the side of the building via automatic doors leadings to an entrance hall with staircase.

The property benefits from planning under Application No. C/2018/0242 to convert the first floor and rear of the ground floor to provide five self contained flats with the front of the ground floor to remain as retail. Plans are available upon request.

The property is located on Beaufort Street, the main High Street in the town of Brynmawr close to its junction with Davis Street. Access to the A465 is nearby providing links to Abergavenny approximately 8 miles in the east and Merthyr Tydfil approximately 12 miles in the south west.

Accommodation

Ground floor: 172.8 Sq m (1,860 Sq ft)
First floor: 172.8 Sq m (1,860 Sq ft)

Total GIA: 345.6 (3,720 Sq ft)

Services

We understand the property to have mains electricity, gas, water and drainage.

Tenure

Freehold

Investment Analysis

The property benefits from planning consent to redevelop the majority of the building to residential with a retail unit remaining at the front of the ground floor. If converted in accordance with planning approval the property has the potential to generate an income in the region of £28,000 per annum.

Guide Price

£85,000+

VAT

VAT if applicable will be charged at the standard rate.

Buyer's Premium

2% (min. £3,600) inc. VAT

Viewings

Viewings are by appointment only. Please contact one of our agents on 0115 970 6060 or email property@johnpye.co.uk

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