For Sale By Auction | 12:00, 05 September 2023 | Lot 6

493-495 Oldham Road, Rochdale, Lancashire, OL16 4TF

Sold £148,000

  • Mixed Use
  • 3 Bedrooms
  • Tenure: Leasehold

Call the team on 0161 925 3254 for more information

Auction Date

Tue 05/09/2023

Auction Time

12:00

Auction Venue

Live Stream

Viewing Times:

Wed 30 Aug

1:30pm-2:00pm

A mixed use property located in a prominent position on the main A671 Oldham Road. Comprising a vacant ground floor commercial unit with a double fronted open plan retail area which may suit a variety of uses (subject to any neccessary permissions), two rear store rooms and kitchen. There is also a separately accessed three bedroomed flat (arranged over two levels) which is presently tenanted on an Assured Shorthold Tenancy agreement at £700 pcm. An excellent investment opportunity with the potential for an attractive gross yield return when fully let. Lease Length: 999 Years from 29th June 1869 Ground Rent: £2

Tenure

Leasehold

Ground Floor

Shop Front 4'6" x 29'" (1.37m x 8.84m") Room 8' x 8'10" (2.44m x 2.7m) Store 16' x 4' (4.88m x 1.22m) Kitchen 9' x 11'2" (2.74m x 3.4m) Apartment Kitchen 11'5" x 15'3" (3.48m x 4.65m)

First Floor

Bedroom 1 11'7" x 9'6" (3.53m x 2.9m) Bedroom 2 14'10" x 9'6" (4.52m x 2.9m) Bedroom 3 9'10" x 9'10" (3m x 3m) Shower Room 9'10" x 4'1" (3m x 1.24m) Living Room 13'1" x 14'10" (4m x 4.52m)

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Rochdale Metropolitan Borough Council

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1500 inc VAT.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.