FREEHOLD INVESTMENT FOR SALE – 464 OLDHAM ROAD, FAILSWORTH, MANCHESTER M35 0FH
Black Stone Estate Agents is pleased to offer the freehold of 464 Oldham Road, Failsworth, formerly the Bridge Inn. The whole building is let on a new 6-year lease to a rehabilitation centre operator at a rent of £180,000 per annum, with fixed rental increases built in.
GUIDE PRICE: £2,500,000 – reflecting a gross initial yield of 7.2%, rising to 8.7% on the fixed rent of £217,800 per annum from October 2030.
LOCATION
The property fronts the A62 Oldham Road, the main arterial route between Manchester city centre and Oldham, with good access to the M60 and the wider Greater Manchester road network.
ACCOMMODATION
The building has been fully refurbished and fitted out across basement, ground, first and second floors, and comprises:
- 16 bedrooms, each with fitted wardrobes and drawers
- 17 fully tiled bathrooms with electric showers and glass screens
- Additional downstairs WC
- Fully fitted commercial kitchen (2 hobs, 2 ovens, 2 sinks)
- Fitted office
- Media hall
- Utility room with laundry facilities
- Fully tiled basement with underfloor heating
- Commercial-grade carpet throughout
- Fire doors, fire alarm system and CCTV
- New boiler
The building is let fully furnished, with the landlord's furniture, fixtures and equipment included in the sale.
TENANCY
- Let to a rehabilitation centre operator on a 6-year lease from 15 October 2026 (expiring October 2032)
- Rent: £180,000 per annum (£15,000 per calendar month), payable monthly in advance
- Fixed rental increases of 10%: £198,000 per annum from October 2028 and £217,800 per annum from October 2030
- No tenant break option
- Tenant responsible for repairs and reimburses the landlord's building insurance
- Lease supported by a personal guarantee
- Permitted use: rehabilitation centre
TENURE
Freehold (Title No. LA305121), sold subject to the occupational lease.
EPC
Available on request.
VAT
To be confirmed.
LEGAL COSTS
Each party to bear its own legal costs.
VIEWINGS
Strictly by appointment only through Black Stone Estate Agents. The property is occupied, so please do not approach the building or the tenant directly.
Black Stone Estate Agents
629 Stockport Road, Manchester M12 4QA
Tel:
These particulars are for guidance only and do not form part of any offer or contract. All information should be verified by prospective purchasers through their own enquiries.
