Commercial Property for sale

Ripponden Road, Moorside, Oldham

89 sq. m. | £365,000

Property Description

Commercial information

  • 957 sq ft (89 sq m)

Full description

Tenure: Freehold

LOCATION
OL1 4JU

DESCRIPTION
INVESTMENT or INVESTMENT/OWNER USE: The above property is a substantial stone (ex Co-Op building) corner property. It is situated on the busy A672, at Moorside, Oldham, four miles from junction 22 off the M62 Motorway and approx. three miles from Oldham town centre. It offers business activity on three floors, with the option for the owner of using the basement for their own requirements or renting for further rental income. The property has been in the same ownership for 30 years and during that time it has been carefully maintained: re-roofed, re-plumbed and rewired to modern standards. Excluding any revenue from the basement, it is envisaged an income of over £40,000 is achievable from the current ground floor rent plus income from the serviced flats. Realistic offers will be considered.

ACCOMMODATION
The Basement: Has toilet facilities with hot and cold water and emergency lighting installed. There are rear and front entrances. Currently available as a multi-purpose Studio for: recording services, rehearsals, various fitness activities, dance classes and any other appropriate uses. Please note! The recording and public address equipment, plus any other similar items shown in the photos are not included in the sale.
This floor offers great potential for other business use: café, café/bar, restaurant, micropub, salesroom etc. with the appropriate planning consent.

Ground Floor: This has been occupied by the present tenant since April 2002. Since 2005 it has been let on a five year rolling lease with a rent review every three years. The next review will be 2017. The tenant operates a family run beauty business which includes Sunbeds, Ladies & Gents hairdressing, Nail and other treatments.

First Floor: This floor houses four self-contained, metered flats of various sizes. There is also a utility room and dryer. The flats have recently been re-designed and refurbished with new carpets, furniture, equipment and decoration etc. The flats are currently operated as "serviced flats" similar to a self catering hotel. An appropriate cleaning and change of bed linen service is provided. For a small charge, a guests wash and dry laundry service is also available. The business appeals to short/medium stay guests , working in the area. The property owner has control over the central heating system servicing all the flats. Work has been carried out to meet fire, health and safety regulations.

SERVICES
We understand that all mains services are connected.

OUTGOINGS
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2010 Ratings List of £8,200. Please note the Rateable Value is not what you pay.

Council Tax Band on the flats: A

VAT
The above amounts are exclusive of, but may be liable to VAT. Each party must satisfy themselves independently to the occurence of VAT in this instance.

LEGAL COSTS
If sold, each party are to bear their own legal costs incurred in connection with the transaction.

OTHER
EPC Rating for 627a - G
Flat 1 -D
Flat 2 -E
Flat 3 - D
Flat 4 - D

VIEWING
Viewing strictly by appointment with Kirkham Property.
509 Middleton Road, Chadderton, Oldham, OL9 9SH
telephone 0161 925 3759
email: kath@kirkham-property.co.uk


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Shaw & Crompton (1.2 mi)
  • Derker (1.3 mi)
  • Oldham Mumps (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kirkham Property, Chadderton - Commercial

509 Middleton Road, Chadderton, Oldham, OL9 9SH

0161 468 1483 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Kirkham Property, Chadderton - Commercial

509 Middleton Road, Chadderton, Oldham, OL9 9SH

0161 468 1483 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Shaw & Crompton (1.2 mi)
  • Derker (1.3 mi)
  • Oldham Mumps (1.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kirkham Property, Chadderton - Commercial

509 Middleton Road, Chadderton, Oldham, OL9 9SH

0161 468 1483 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 100662017639. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kirkham Property, Chadderton - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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