85 Bailey St
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85 Bailey St
412 SF 100% Leased Retail Building Brynmawr NP23 4AW £57,000 (£138/SF)
Executive Summary
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.
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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Building Size
412 SF
Year Built
1980
Price
£57,000
Price Per SF
£138
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.47
Lot Size
0.02 AC
Frontage
20 ft on Bailey Street
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Nearby Major Retailers
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85 Bailey St
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