The property is situated in Ebbw Vale, a substantial market town located on the Heads of the Valleys Road with a population of 20,400 and a district population of c.85,000 – 20 miles north of Newport and 26 miles north-east of Cardiff.
Ebbw Vale is benefitting from massively improved road and rail transport links – which have just been finished and the Ebbw Vale Enterprise Zone is attracting new businesses to the area and the Welsh Government’s Local Growth Fund is investing millions into the town. Off the back of these initiatives Ebbw Vale is experiencing a boom in new housing – with over 400 new homes recently built or currently under development.
The property is located in the heart of Ebbw Vale Town Centre – facing onto The Square car parking area and new town clock and situated between Home Bargains and JD Wethersoon and across from Peacocks and Boots. The town’s main free multi-storey car park is just 100 meters to the north. The new Ebbw Vale Town Railway Station is just 250 meters to the south-east.
The property comprises an attractive part two storey / part one storey retail parade / unit constructed in 1994 and can provide one large retail unit or be divided into three smaller units.
Presently BetFred occupy one of those units on ground floor only on a rolling tenancy at £1,050 per month = £12,600 p.a., which is paid monthly.
The remaining two units at ground and across all the first floor are currently occupied as Suite Dreams furniture showroom – but will be vacated in July 2027.
The property is freehold and we are instructed to seek offers in the region of £525,000, subject to contract and exclusive of VAT.
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