Council buys town centre property
Conwy County Borough Council has bought a prominent town centre property to secure accommodation for employment and help deliver its Masterplan for the regeneration ofColwyn Bay.
The Council has purchased the property at 2 Coed Pella Road and 45-47 Conway Road....
Currently the Colwyn Bay base for DWP and HMRC, this large imposing building is identified in the Masterplan as a strategic site in the town. Coleg Llandrillo and commercial businesses also occupy the ground floor of the property.
The existing tenants have leases which will remain in place and the continuing rental income will help the Council meet the capital cost of buying the building.
The purchase is intended as a long-term investment, allowing the Council to control the future of the site, to protect employment opportunities and support regeneration in the town; it also has potential as a good location for Council offices.
Conwy Council Leader, Cllr Dilwyn Roberts, said, “This is the latest piece in the regeneration jigsaw for the town. As owners of this building we will have control of a key site, which will be invaluable in our work to deliver the Masterplan.”
The Council confirmed that owning the building will:
• maximise the value of existing Council assets adjoining the property;
• provide a range of opportunities to achieve the Council’s office accommodation strategy;
• provide short, medium or long term options for regeneration of an important town centre site.
As an integral part of the BayLife+ Programme and Colwyn Bay Masterplan, the future redevelopment of the site would provide further job opportunities and inward investment.
Retention of the site and the offices occupied by DWP and HMRC will provide the potential for both local and central Government staff to be retained in the centre of Colwyn Bay.