For Sale By Auction | 14:00, 16 October 2018 | Lot 11

Former Oldham Evening Chronicle Premises, 172 Union Street, Oldham, Greater Manchester, OL1 1EN

Sold £400,000

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Tue 16/10/2018

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Prominent Office Building 33,708 sq.ft with Development Potential Including Rear Car Park

Substantial predominantly four storey office and storage building formerly housing the Oldham Evening Chronicle, constructed in the 1960's with later single storey printing hall extension. The main building briefly comprises lower ground floor loading and storage with ground floor offices and first and second floor storage and office accommodation. The printing hall whilst single storey does provide sufficient height for additional floors to be added. The property is fitted with four loading doors to the rear elevation and also 1no passenger lift and 1no goods lift. There is also a telecoms mast on the roof by way of a lease agreement until 31st December 2021 at a rental of £5,200 per annum. To the rear is a part surfaced car parking area considered suitable for approximately 40 cars. The property is prominently situated approximately 100m from the Oldham Mumps Metrolink Tram Station, providing a direct link into Manchester City Centre.

Tenure

See Legal Pack

-

The accommodation provides the following net internal floor areas: Lower Ground Floor: 1,335 sq m (14,368 sq ft) Ground Floor: 599 sq m (6,446 sq ft) First Floor: 599 sq m (6,446 sq ft) Second Floor Floor: 599 sq m (6,446 sq ft) The total combined site area is 0.19 ha (0.47 acres)

-

The proposed Princes Gate town centre regeneration scheme is adjacent to the building which will provide: -150,000 sq.ft of retail space to be built on the current Park & Ride site. -800 quality homes - including apartments and a total of around 700 car parking spaces. -Refurbishment of the former NatWest bank building to include apartments, retail & leisure units. -A replacement Park & Ride facility on the opposite side of the road on land between Beaver Street & Wallshaw Street. -A new retail/residential unit on the RSPCA/Roscoe Mill site hosting a major supermarket tenant with 50 apartments above across three storeys. (Source: Oldham Council)

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Oldham Metropolitan Borough Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

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