Location
The property is located in the heart of Ebbw Vale Town Centre - facing onto The Square car parking area and new town clock. Situated between Home Bargains and JD Wetherspoon and across from Peacocks and Boots. The town's main free multi-storey car park is just 100 meters to the north.
Other retailers in the town are B&M, Specsavers, Argos, McDonalds, Lidl, Tesco, Lloyds Bank, Aldi and a Best Western Hotel. Tredegar History Museum and Tredegar Library are also opposite. The new Ebbw Vale Town Railway Station is just 250 meters to the south-east.
Ebbw Vale is 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.
Making Ebbw Vale the largest town in Blaenau Gwent. The town sits 20 miles north of Newport and 26 miles north-east of Cardiff. Ebbw Vale is benefitting from massively improved transport links - which have just been finished.
The town sits on the A465 Heads of the Valleys Road, which has benefitted from a£225M upgrade creating a dual carriageway linking Neath in the west with Abergavenny in the east. The A465 also provides access to the A40, connecting to the West Midlands via the M50 and M5 motorways and also the M4 via the A470 dual carriageway.
The second major transport initiative is the £70M completion of the Ebbw Vale Railway. After a 60 year gap Ebbw Vale now has a direct rail link to Newport and Cardiff. With up to 30 direct trains a day between Ebbw Vale Town and Newport and an hourly service to Cardiff Central (58 mins).
These and other regeneration initiatives are transforming Ebbw Vale's economy. 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, creating schemes like The Walk, which is a redevelopment of the steelworks, with £150M + spent transforming the site into a new Learning Campus - including a new primary and secondary school, HE College a new General Hospital, leisure units, sports pitches, business parks and the new Ebbw Vale Parkway Railway & Bus Station.
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 - in a mix of private and social housing - including net zero ready homes - with schemes by Persimmon, Lovell Homes, Pendragon and United Welsh.
Description
The property comprises an attractive part two storey / part one storey retail parade / unit.
We understand that the building was constructed in 1994.
Although modern, the front section is built to appear period in nature and can provide one large retail unit or be divided into three smaller units. BetFred occupy one of those units on ground floor only. The remaining two units at ground and across all the first floor are currently occupied as a furniture showroom - but will become vacant in July 2027.
There is a staircase to the first floor showroom at the front with loading / access at grade at the rear - as a result of the sloping site. The rear building being constructed along the lines of a retail warehouse with profile metal sheet cladding.
As such the property would suit both investors and owner-occupiers - as well as a range of occupiers and uses, such as leisure, market facing offices, etc., - subject to planning.
Accommodation
The property provides the following areas:-
23 James Street
Ground Floor Sales 1,296 sqft
ITZA 688 units
Total 1,296 sqft
21-22 James Street
(To be Vacant)
Ground Floor Sales 3,128 sqft
ITZA 1,458 units
First Floor Sales & Staff 4,423 sqft
Total 7,551 sqft
TOTAL 8,847 SQFT
TENANCIES
No 23 is let to BetFred on a rolling tenancy at £1,050 per month = £12,600 p.a. - paid monthly.
No 21-22 is currently occupied by Suite Dreams, but will be vacated in July 2027.
Terms
The property is available freehold on terms to be agreed.
Rental/Asking Price
£495,000 exclusive
VAT
The property is elected for VAT and we anticipate the sale will be undertaken as a Transfer of a Going Concern (TOGC).
Viewing
Strictly by appointment through the joint agents:-
Joshua Isaac
joshua.
Tristan Kugler
tristan.
Dan Griffiths
