Tenanted block of 8 no. studio flats producing £2,460 pcm (£29,520 pa) with planning consent to convert ground floor to 6 additional flats.

Substantial mainly two storey detached building situated at the corner of Wardle Road and Halifax Road (A58). The first and second floors of the property have been converted into 8 no. self contained studio flats ( planning references 11/D55065 & 16/D55320 dated December 2011 and March 2012 respectively). At present the income produced from the 8 studio flats equates to £2,460 pcm (£29,520 pa). The property also benefits from planning consent (ref 16/01006/FUL and 16/01557/FUL dated August & December 2016) for change of use and conversion of the ground floor into 6 self-contained apartments (3 x one beds and 3 x studio flats). Upon completion of the ground floor conversion work it is anticipated that the rental income could be increased to approximately £4,500 pcm (£54,000 pa). During 2014 and 2015 the property was refurbished to include upgrade of insulation and fire regs and included new roof. Internally the property is fitted with upvc double glazing and heated by electric heating. Each flat is fitted with its own separate meter with the tenants paying all relevant utilities and rates in addition to the rental. Externally there is a rear yard area and bin store.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Local Authority

Rochdale Metropolitan Borough Council

Additional Fees

Buyer's Premium - £900 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.