For Sale

Superb Investment/Development Opportunity

Tredegar, Blaenau Gwent

£124,995

Ref: 13654 H

Contact sales negotiator

Aidan Murphy

01204556301

Email Aidan Murphy

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Description

INVESTMENT OPPORTUNITY

Hilton Smythe is delighted to introduce to the market this substantially sized investment property in the heart of Tredegar.

The property has until recently been used as a training centre and offers potential as offices or conversion to residential use or potential bed and breakfast or flats, subject to the necessary planning permissions.

Please contact Hilton Smythe for further information.

Tenure

Freehold

We are advised Freehold.  Rates are £6,700 per annum, which is £2,000 down from last year.

Hours

N/A

Staff

N/A

Financial Profile

N/A

Location

This superb investment property is situated in Tredegar, Blaenau Gwent.

Occupying a prominent position within the town centre on Morgan street close to the seventy two foot tall clock tower which was erected in 1858 and is a well-known and often visited local landmark. The property is in an area with many local businesses and independent shops alongside residential properties.

Tredegar is a town and vibrant community situated on the Sirhowy River in the county borough of Blaenau,Gwent in South East Wales. The birth place of Aneurin Bevan founder of the NHS and Neil Kinnock leader of the Labour Party from 1985-1992 and opposite Central Chambers was the home of Michael Foot, another Key Labour leader. Home to Rugby Football teams the Tredegar Rugby Football Club and Tredegar Ironsides Rugby Football Club.

Central Chambers is 50 yards from Bedwelty Park, historically renowned for its beauty and have recently received 6.6 million pounds to restore and improve the site into a popular tourist attraction and heritage centre and promotes how vibrant Tredegar's community feel.

Tredegar is near less than 5 miles away from two major developments; a zoo and the Circuit of Wales, which have seen major development to the heads of the valley, cutting down travel time to Hereford/West midlands and M4 corridor.

The area is seeing investment from world renowned companies. We are also advised that the nationally recognised company Aston Martin has relocated to Cardiff which is only 20 miles away.

The town has good road access with the town centre being ideally placed on the A4048/B4526 and a few miles from the Heads Of The Valleys Road (A465) which provides road links to the A470 and M4 Motorway as well as many local tourist attractions, industrial estates and the beautiful Brecon Beacons National Park.

Premises

A substantial and impressive period style premises prominently situated in an end terrace position in the town centre on Morgan Street.

Ground Floor
Gross frontage of 15.09m (46ft) accessed via steps from the pavement via an inset porch

56.90 sq.mt with generous reception area/foyer with three good size offices and a staff room and WC and washrooms.


Lower Ground Floor
51.30 sq.mt (552 sq ft) Three rooms/offices and hallway.

13.60 sq.mt (146 sq ft) Kitchen with tiled floor, Fluorescent lighting, wall mounted boiler, gas cooker point, range of base units, window to rear, round inset set with monobloc tap and two drainers and generous run of worktop and perimeter shelving.

First Floor
62.00 sq mt (667sq ft) generous meeting room /office and a fully fitted shower room

Rear
To the rear of the property is a pedestrian entry and a fire escape.

The premises were previously used as a hostel and may suit alternative use subject to the normal planning permissions.

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