Some residents in Holyhead will have noticed recently that signs have started appearing in empty shop premises in the town centre. These signs confirm that the buildings are now owned by Môn CF – which is itself owned by the local community.
These properties will now be refurbished to a high standard by Môn CF using local building contractors. In due course, these buildings will be offered at affordable rents to local new or established businesses. As well as commercial space made available to rent, some of these buildings will also offer high quality living accommodation for local people – again at affordable rents.
Any surplus rent will be ploughed back into maintaining all the properties owned by Môn CF as well as being used to acquire other empty or run down properties in the town. This programme of buying empty buildings is in its early stages but the long term aim is to bring life back to the town centre and ensure that the buildings are owned by the community and any rental income generated stays within the town.
Môn CF is also replicating this programme in other areas and one such example is the former Barclays Bank in Amlwch. This building will shortly open as Môn CF’s new office in the town as well as creating two new flats to be rented out to local residents at affordable rents.
If you would like more information on this property acquisition and development programme, please contact Môn CF on 01407 762004 and ask for Rita Lyon.