Lot 40
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
Description
Tenure
Freehold
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
Location
Addendum
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
| Property | Floor | Accommodation | Lessee | Lease Terms | Current Annual Rent |
Notes |
|---|---|---|---|---|---|---|
| 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 First Second |
Communal Kitchen 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 |
Joint Agent
Additional Fees and Disclaimer
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.
Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.
Enquire about 12-14 Shaw Road, Oldham, Lancashire, OL1 3LQ
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