Commercial Development for sale

HORSEDGE MILL, Rock Street, Oldham, Greater Manchester, OL1

Offers in Region of 1 ac. | £2,000,000

Property Description

Commercial information

  • 1.1 acres (0.42 hectares)

Key features

  • Producing Circa 100,000 PA
  • Planning submitted for a Five Storey 70 Bed Hotel And Apartment Block

Full description

LOCATION
The property is located on the southern side of Rock Sreet at the junction with Bradshaw Street in the heart of Oldham Town Centre. All of the usual town centre facilities are readily available.

DESCRIPTION
The property comprises a range of fully let buildings with large central car park. The central car park is on the site of the former Horsehedge Mill (now demolished). The buildings are all double storey. Tenants include a dance studio, music and dining venue, Italian restaurant, nightclub, retail unit and a detached modern office building. All areas (with the exception of the central car park) are let, income producing, and on relatively short leases.

TENANCY SCHEDULE
Tenant Rent PA Break Option Lease expiry
Age UK (Shop) 25,000 01/08/18 01/08/2021
Jaymar Dance Studio 12,000 N/A 01/11/2015
Vibe Bar 30,000 01/10/2018 30/09/2018
Cotton Rooms (Music & Dining Venue) 9,600 13/09/2015 12/09/2018
Oldham Theatre Offices 11,500 N/A 14/12/2014
(Holding over)
TOTAL 88,100

* In addition to the above schedule Romanos Italian Restaurant is operated by a friend of the owner and currently pays no rent. They are aware that they will need to start paying rent once the investment is sold, bringing the income to around 100,000.

PLANNING PERMISSION
A scheme has been submitted for a 70 bed hotel and 42 apartments. Planning application number PA/338728/16 Plans are available on request or may be downloaded from Oldham Councils Planning Portal http://planningpa.oldham.gov.uk/online-applications/applicationDetails.do?activeTab=summary&keyVal=_OLDHA_DCAPR_53553


More information from this agent

Nearest stations

  • Oldham Mumps (0.3 mi)
  • Derker (0.5 mi)
  • Oldham Werneth (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

FRASER COMMERCIAL LIMITED, Manchester

Centurion House 129 Deansgate, Manchester, M3 3WR

0161 468 3844 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:

FRASER COMMERCIAL LIMITED, Manchester

Centurion House 129 Deansgate, Manchester, M3 3WR

0161 468 3844 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

  • Oldham Mumps (0.3 mi)
  • Derker (0.5 mi)
  • Oldham Werneth (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

FRASER COMMERCIAL LIMITED, Manchester

Centurion House 129 Deansgate, Manchester, M3 3WR

0161 468 3844 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 HORSEDGE. 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 FRASER COMMERCIAL LIMITED, Manchester. 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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