Property description

FOR SALE
573 Bury Road, Oulder Hill, Rochdale OL11 4DQ
Mixed retail investment with ground floor retail shop and 2 self contained first floor flats,
let on Assured Shorthold Tenancies
* Popular and successful established neighbourhood shopping area
* Ground floor retail units and 2 first floor flats - all let
* Total income £25,680 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, 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 ground floor retail tenant and two self contained 1 bedroomed flats, let on Assured Shorthold Tenancies. 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 - Retail Unit - Let to Gill Black - Ladies Fashion
Ground Floor Area - 59.7 sq metres (643 sq ft) approx.
WC

First Floor Flats
Two self contained 1 bedroomed flats with shared ground floor entry and staircase to first floor landing. Each flat comprises Living room with Kitchen area, Bedroom and Bathroom.

TENANCIES

Ground Floor Retail Unit - T/A Gill Black
The Tenant is currently holding over from original lease. Current rent £13,200 per annum exclusive of rates

First Floor - 2 Flats
Let on Assured Shorthold Tenancies at an annual rent of £6,240 each.,
Total Annual Rent - Flats £12,480

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

£275,000 for the benefit of this Investment Property producing an annual income of £25,680