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No longer on the market

This property is no longer on the market

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Mixed use

Auction
Mixed use
Added > 14 days

Features and description

  • 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
  • Online Auction on Thursday, 27 June 2024

A commercial premises arranged over three storeys and located in the main shopping area of Ebbw Vale town centre. It has a prominent trading position and next to national retailers such as, Argos, Dominos Pizza, Savers Health and Beauty, alongside many other established local retailers. 

The Property is being marketed for sale on behalf of Joint LPA Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information provided or any matter relating to the Property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability.


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.

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Accomodation:

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. The ground floor is about 222 sq m (2,390 sq ft), Flat 1 about 78 sq m (840 sq ft) and Flat 2 about 95 sq m (1,023 sq ft). There is car parking to the rear of the property for about 4 cars.


Online Auction on Thursday, 27 June 2024. For further information, such as legal documents and property information, please visit bidx1.com.
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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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