Property description

FOR SALE
571 Bury Road, Oulder Hill, Rochdale OL11 4DQ
Mixed commercial investment property with ground floor A3 retail unit
and first floor self contained offices let on Assured Shorthold Tenancies
* Popular and successful established neighbourhood shopping area
* Ground floor hot food and sandwich bar: Self contained 1st floor offices
* Situated in prominent forecourt/parking area
* Total income £22,524 per annum, exclusive

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, Baguettes and R BUK 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 commercial premises with the ground floor let to Baguettes as a take-away hot food sandwich bar and first floor separately let as self contained offices.

The property is set back from the busy Bury Road, with a front display and forecourt parking area. The sale of the property excludes the new single storey structure to the rear, which will be retained by the current owner, together with a right of access over the side driveway to the rear.

Ground Floor - Trading As Baguettes
Area - 51.4 sq metres (153 sq ft ) approx

First Floor Offices - Sedgewick’s
Area - 52.5 sq metres (565 sq ft) approx

TENANCIES

Ground Floor - Trading As Baguettes
The Tenant is currently holding over from a previous lease at a current rent of £14,120 per annum exclusive.

First Floor - Offices Sedgewick’s
The Tenant is currently holding over from a previous lease at a current rent of £8,400 per annum exclusive.

The Landlord has issued renewal leases to the existing tenants.



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

£250,000 for the benefit of this Investment Property producing an annual income of £22,524 exclusive