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Four Apartments Capable of Producing £22,100pa/£1,841pcm
Four Apartments, Three Occupied and One Vacant, Capable of Producing £22,100pa/£1,841pcm when Fully Let. The property is situated in an area where there is a good rental demand. Whilst we have not had sight of any documentation we have been advised that currently three Apartments are occupied producing £16,100pa (£1341.67pcm) and one is vacant. Once they are all occupied the property is capable of producing a total of £22,100pa/£1,841pcm. Accommodation is ranged over 4 Floors and provides 2, Two Bedroomed Apartments with private entrances and 2, Three Bedroomed Apartments with a shared entrance. The properties proximity to local Schools and with easy access to both Oldham and Royton Town Centres will ensure the continuing attractiveness of these much larger than average sized Apartments.
Tenure
See legal pack
Description & Rentals
Not inspected by Auction House Manchester nor have we had sight of the tenancy agreements but we are advised by the vendor that the accommodation and rentals are as follows:
155a Oldham Road
Basement: Bedroom & Bathroom Ground Floor: Lounge, Kitchen, Bedroom. Producing £5,200pa/£433pcm.
157a Oldham Road
Basement: Bedroom. Ground Floor: Lounge, Kitchen, Bedroom & Bathroom. Producing £5,700pa/£475pcm.
155 Oldham Road
First Floor: Lounge, Kitchen, Two Bedrooms & Shower Room. Second Floor: Bedroom. Currently Vacant but previously produced £6,000pa/£500pcm.
157 Oldham Road
First Floor: Lounge, Kitchen, Two Bedrooms & Bathroom. Second Floor: Bedroom & WC. Producing £5,200pa/£433pcm.
THERE WILL BE NO ACCESS BETWEEN EXCHANGE AND COMPLETION.
Energy Efficiency Rating (EPC)
Current Rating D/C/E/C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Oldham 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
Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1200 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.