Mixed Use - Commercial Property
12-14 Shaw Road
Oldham, Lancashire, OL1 3LQ
Sold for an undisclosed amount
A Double Fronted Mixed Use Investment Comprising a Large Double Width Ground Floor Lock-Up Shop with a Six Bedroom Fully Licensed HMO Above. Both Fully Let on Commercial Leases Producing £34,092.56 Net Per Annum Combined
Rear of 12-14 Shaw Road
Leasehold. The property is held on a 999 year lease from November 2018 (thus approximately 997 years unexpired).
Current Combined Net Rent Reserved £34,092.56 Per Annum
2. There is a tenant only break clause in the underlease. However the actual break dates cannot be confirmed as there is currently an undated version of the underlease available. What we do know as per the underlease is that the break dates are in 2020, 2022 and 2024.
Accommodation & Tenancy Schedule
|12-14 Shaw Road||Ground||Double Fronted Lock-up Shop||Quality Kitchens||The property is let on an IRI Lease for a term of 10 years commencing November 2018||£8,000||G.I.A = 77.6 sq m (835.28 sq ft)|
|Rear of 12-14 Shaw Road||Ground
Four Letting Rooms with En-suite
Two Letting Rooms with En-suite
|Yale Housing Association Ltd||Commercial Lease with Yale Housing Association Ltd for a term of 5 years commencing November 2018||£26,092.56||Fully Licensed HMO|
Administration charge: £1,200 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Enquire about 12-14 Shaw Road, Oldham, Lancashire, OL1 3LQ
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