
- Huddersfield Road, Oldham
- PROPERTY TYPE
Mixed Use
- BEDROOMS
5
- BATHROOMS
6
- SIZE
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Key features
- TO BE SOLD UNDER AUCTION TERMS
- HIGH YEILDING MIXED USE INVESTMENT
- PRIME LOCATION
- 5 X 1 BED FLATS
- GROUND FLOOR COMMERCIAL
Description
TO BE SOLD BY ONLINE AUCTION ON 25TH – 26TH MARCH UNLESS SOLD PRIOR UNDER AUCTION TERMS.
8 -10 Huddersfield Road, OL4 2AE
An excellent income-producing investment opportunity comprising five one-bedroom residential flats and a ground floor commercial premises, all currently let and generating a strong established income. Not inspected by Edward Mellor.
The five one-bedroom flats are currently let to long-standing tenants at £120 per week (£520 PCM), producing a combined residential income of £2,600 PCM. In addition, the ground floor commercial unit is let at £650 PCM, giving a total rental income of £3,250 per calendar month (£39,000 per annum).
At the guide price, this represents a gross yield in excess of 13%, making it an attractive proposition for investors seeking strong income from day one.
The property benefits from tenants who have been in occupation for a considerable period, providing immediate and consistent rental income and being situated in a well-established and popular rental location, the area benefits from strong local amenities, transport links and consistent tenant demand. Properties of this nature in accessible town-centre locations continue to perform well with investors due to the reliable rental market and long-term growth potential.
Investment opportunities producing this level of return rarely come to market and are expected to attract strong interest from landlords and portfolio investors.
- Huddersfield Road, Oldham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Oldham Mumps Station0.3 miles
- Derker Tram Stop0.4 miles
- Westwood Tram Stop1.2 miles
Notes
Disclaimer - Property reference EM-167075. 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 Edward Mellor Ltd, Auction. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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