Property description
575 Bury Road, Oulder Hill, Rochdale OL11 4DQ - Mixed retail investment with luxury, self contained 2 bed first floor apartment with vacant possession * Popular and successful established neighbourhood shopping area
* 2 ground floor retail units - both let
* First floor, self contained luxury 2 bedroomed apartment with vacant possession
* Current shop income of £19,500 per annum, exclusive - excluding potential income
from first floor flat
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 is set back from the main road with a front forecourt and parking area.
Unit 1 Trading as Bamford Wines
Sales Area - 44 sq metres (474 sq ft) approx.
Stock Room - 16.8 sq metres (181 sq ft) approx
WC
Cellar
Unit 2 Trading as Truly Scrumptious (Specialist Sweet Shop)
Sales Area - 21.6 sq metres (233 sq ft) approx
WC
First Floor - Luxury 2 Bedroomed Self Contained Apartment Ground floor entrance including Utility Cupboard
First Floor - Reception Room, quality bathroom, fully fitted kitchen with built in Miele appliances and balcony overlooking rear garden, lounge, two bedrooms, master with en-suite shower room. Landscape rear garden and parking to side.
TENANCIES Unit 1 - Trading as Bamford Wines.
The Tenant holding over new lease offered for a term of 5 years, rent yet to be agreed. Current rent £13,800 per annum exclusive
Unit 2 - Trading as Truly Scrumptious. 12 Month initial lease with approximately 6 months remaining. Rent £6,000 per annum exclusive.
First Floor Residential Flat available with vacant possession, suitable for owner occupation or for letting.
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.
PROPOSAL We are instructed to seek offers in the region of £400,000.
SUBJECT TO CONTRACT The property is offered Subject to Contract/Lease.
Image of living room