Block of flats for sale

Church Street, Ebbw Vale NP23

A unique opportunity to acquire a mixed-use block comprising 1 commercial unit and 4 residential flats.

The Area
Ebbw Vale is a historic town in South Wales known for its rich industrial heritage, stunning valley views and ongoing regeneration. Surrounded by beautiful countryside it offers excellent opportunities for outdoor activities including hiking and cycling in the nearby Brecon Beacons. The town has strong transport links, with a direct railway service to Cardiff and easy access to the A465 Heads of the Valleys road making it convenient for commuters. Ebbw Vale boasts good schools, local shops and leisure facilities including the Festival Park shopping area and the state-of-the-art Ebbw Vale Sports Centre. Ebbw Vale is an attractive place to live for families and professionals alike.

The Property
The building comprises one commercial unit and four flats, two of which are two-bedroom and two with one bedroom and parking to the rear. The commercial unit and all flats are currently tenanted and have good rental history.
The 4 flats are each let on standard 12-month Occupation Contracts (commencing on varying dates) producing a total annual income of £31,680.00 with scope for increase.
The price of £340,000.00 (VAT free investment) reflects a 9.4% gross yield. As seasoned investors will appreciate, this is an excellent return which is so rarely offered on the open market.

Management Services
Property Partners run a successful agency and management company and offer the buyer preferential rates if they wish for Property Partners to continue managing the tenants in the flats. Please contact us about this directly.