Property for Auction in Manchester - 231 Hollins Road, Oldham

Attention landlords and investors! A mixed-use investment property comprising a ground floor retail unit together with a self-contained one-bedroom flat to the first floor producing an annual income of £13,200 per annum.

To the rear of the ground floor there is potential for further development, subject to obtaining the necessary planning consents.

The property occupies a prominent position on Hollins Road, close to local shops, amenities and transport links providing easy access to Oldham town centre and Manchester.

Ground Floor: Retail unit with shop front, WC & kitchen area.

First Floor: One-bedroom flat with private side entrance, comprising lounge, kitchen, double bedroom and shower room.

Both elements are currently let and producing a total income of £13,200 per annum.

Outside: Spacious rear yard area with access towards Copster Hill.

Interested parties should be aware that the property has suffered from some structural movement and buyers are advised to do their own research in this regard.

Lease Length - 920 years from 10 July 1936 Ground Rent - £3 as per register Tenure Leasehold Ground Floor Shop Front Kitchen Area Outdoor store First Floor Living Room Kitchen Bedroom Shower Room Energy Efficiency Rating (EPC) Current Rating C Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Local Authority Oldham Metropolitan Borough Council - Council tax A Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of 1.2% inc VAT, subject to a minimum of £1500 inc VAT. Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.