Auction House London

Lot 111

Apartment - Flats / Apartments 

Rear of 12-14 Shaw Road

Oldham, Lancashire, OL1 3LQ

Unsold, but is available at £230,000

A HMO Investment Currently Arranged to Provide Six Letting Rooms Fully Let on a Commercial Lease Producing £26,092.56 Net per annum

Description

The property comprises a fully licensed HMO with six letting rooms situated within a terraced building arranged over ground (Commercial) and two upper floors.

Tenure

Freehold

Location

The property is situated amongst the shops and amenities of Market Street. Nearby multiples include Tesco, Kwikfit, Travis Perkins and other local established traders. Transport links are provided by the Oldham tram and Mills Hill rail station.

Accommodation

Ground Floor
Communal Kitchen

First Floor
Four Letting Rooms with En-Suite

Second Floor
Two Letting Rooms with En-Suite

Tenancy

The property is subject to a Commercial Lease with Yale Housing Association Ltd for a term of 5 years commencing November 2018 at a net rent of £26,092.56.

Current Rent Reserved

Current Net Rent Reserved £26,092.56 per annum

Additional Fees

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.

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There are no internal viewings For further information, please register for the legal pack. For all enquiries, please contact Jamie Weir at jamie.weir@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007

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Enquire about Rear of 12-14 Shaw Road, Oldham, Lancashire, OL1 3LQ

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