Property description

FOR SALE
567 Bury Road, Oulder Hill, Rochdale OL11 4DQ
Mixed Commercial Investment Property
Ground Floor - let to Italian Restaurant - First Floor - let as self contained offices
* Popular and successful established Neighbourhood Shopping Area
* Mixed commercial Restaurant and Office Investment
* Total income £29,280 per annum exclusive
* Situated in prominent positioned with forecourt display/parking area

LOCATION

The property forms part of the established and successful Oulder Hill neighbourhood shopping centre, set back from the busy Bury Road in a prominent position. Other users within the immediate area include Lloyds Pharmacy, The Italian Room Restaurant and Baguettes amongst others

The shopping area lies within a popular, affluent residential area, immediately to the west of Rochdale Town Centre.

GENERAL DESCRIPTION

The property comprises semi detached two storey mixed Restaurant and Office premises, set back from busy Bury Road, with a front display/forecourt and parking area.

Ground Floor Restaurant Trading As The Italian Room
Area - 95 sq metres (1023 sq ft) approx
Basement/Kitchen - 16 sq metres (172 sq ft) approx
WCs

First Floor Self Contained Offices Let to S Hoyle Developments
58 sq metres (624 sq ft) approx


TENANCIES

Ground Floor Restaurant Trading As The Italian Room
The tenant is currently holding over the previous lease at a current rent of £20,280 per annum exclusive.

The Landlord has issued a renewal lease to the existing ground floor tenant.

First Floor Offices - Let to S Hoyle Developments
The tenant is currently holding over the previous lease at a current rent of £9,000 per annum exclusive

The Landlord has issued a renewal lease to the existing tenant.



VAT

We are advised that there has been no election for VAT. This must be confirmed by potential purchaser’s solicitors enquiries.

ENERGY PERFORMANCE CERTIFICATE

An energy performance certificate is available upon request.

PRICE

£325,000 with the benefit of an annual income of £29,280 exclusive