Schofield Street, Oldham, Greater Manchester, OL2

Property Description

Vangard Works - Prime Two-Storey Industrial, Warehouse & Manufacturing Facility in Royton, Oldham

A substantial and versatile industrial property offering approximately 15,010 sq ft (1,394.52 sq m) of accommodation across basement, ground and first-floor levels. Situated on a 0.10-hectare (0.25-acre) site, Vangard Works provides a rare opportunity to acquire a long-established manufacturing facility with excellent potential for future use, investment or redevelopment.

Currently occupied by the same tenant for around 40 years, the property has been used for manufacturing and powder coating, and will be sold with vacant possession from November 2025. This makes it an ideal purchase for an investor looking for a substantial income-producing opportunity, an owner occupier seeking significant space in a prime location, or a developer exploring alternative uses (subject to planning).

Accommodation Overview

Basement - 25.63 sq m (276 sq ft)
Currently restricted access, but offering potential for storage or ancillary use.

Ground Floor - 839.81 sq m (9,040 sq ft)
Expansive open-plan workshop housing plant, machinery, spray booths, gas-fired ovens, and established workbenches. Includes ancillary office and staff facilities, creating a fully functional manufacturing environment.

First Floor - 529.09 sq m (5,695 sq ft)
Predominantly vacant storage with timber flooring and vaulted ceilings. Also includes some office suites, with clear potential for conversion to additional workshop, showroom, or even alternative uses such as residential or creative space (subject to planning).

Total accommodation: 15,010 sq ft (1,394.52 sq m)

Construction & Features

Traditional masonry brick construction with character and durability.

Steel truss roof with slate tile covering.

Mix of single-glazed timber windows and uPVC double-glazed windows.

Timber loading doors providing functional access.

Versatile layout suitable for industrial, warehouse, distribution, or manufacturing use.

The property is in a generally fair condition but would benefit from maintenance and updating, presenting the opportunity for an incoming owner to add value and tailor the space to their requirements.

Site & Tenure

Site area: 0.10 hectares (0.25 acres)

Tenure: Leasehold - 950 years from 13th August 1917

Ground rent: Peppercorn (effectively freehold in nature)

Investment & Development Potential

Industrial/Warehouse Use - Ready for immediate occupation by manufacturers, distributors, or industrial users seeking substantial space in Oldham.

Multi-Let Investment - The building could be split into smaller sections or units, creating a strong multi-income investment model.

Alternative Use - The first floor, with its storage and office areas, could be repurposed for creative workspaces, studios, or light industrial units.

Residential Redevelopment - Subject to obtaining planning permission, the building offers clear potential for conversion into residential apartments or mixed-use development, taking advantage of the property's town centre location.

Few opportunities of this size and flexibility become available in Oldham, particularly with such a long lease and peppercorn rent.

Location

Vangard Works is strategically positioned in Royton, Oldham (Greater Manchester), a well-connected location ideal for business operations and future development.

Road access: Close to Rochdale Road (A671) and with excellent connectivity to the A627(M) and the M62 motorway, linking Oldham directly with Manchester, Leeds, and the wider North West.

Public transport: Regular bus services serve the local area, providing direct access into Oldham and surrounding towns.

Local amenities: The property is located in Royton town centre, surrounded by established retail, residential and commercial uses, ensuring strong demand for both industrial and alternative future uses.

This strategic position combines town centre convenience with regional accessibility, making it suitable for both occupiers and developers.

Key Features

15,010 sq ft two-storey industrial facility with basement, ground and first floors.

Located in Royton town centre, Oldham, Greater Manchester.

950-year lease (from 1917) with peppercorn ground rent.

Occupied by same tenant for 40 years - sold with vacant possession November 2025.

Ground floor manufacturing space with machinery, ovens, spray booths, offices and staff areas.

First floor storage/offices with timber flooring and vaulted ceilings.

0.25-acre site with scope for alternative uses.

Strong investment/development potential - industrial, multi-let, or residential (STP).

Excellent road and public transport connectivity.

Rare opportunity to acquire a substantial industrial building in a sought-after area.

Why Buy Vangard Works?

This is not a typical industrial listing - Vangard Works combines size, location, tenure security, and future potential. Whether you're an investor seeking rental income, an owner occupier needing significant workshop/manufacturing space, or a developer exploring conversion opportunities, this property delivers.

The combination of a long leasehold interest, peppercorn rent, and central Royton position makes it a low-risk acquisition with multiple exit strategies. The fact that it has been successfully occupied for four decades by the same tenant is proof of its viability as a business location. With some modernisation and investment, it has the potential to become one of Royton's standout commercial or mixed-use assets.

Viewing highly recommended to fully appreciate the scale, potential, and flexibility of this unique property.