This is a detached investment property situated in a popular village within close proximity to Royton, Shaw and Oldham and located with good transport links and local amenities. The detached property comprises a ground floor restaurant and public house with an external beer garden areas whilst to the first floor there are four bedsits with shared accommodation. The ground floor is currently let to a publican under the terms of a full Repairing and Insuring lease whilst the first floor is privately let under Assured Shorthold Tenancies to four separate individuals with the larger flat being a studio flat producing £520 pcm and the three remaining bedsits producing £433.33 pcm (£100 p w). The bills are included in the rental income. The property represents a mixed use investment opportunity with the ground floor public house being fully refurbished and the accommodation to the first floor is approximately two years old. The total current rent per calendar month is £3,040 pcm.
Through enquiries with the Valuation Office Agency website it is noted that the property attracts a Rateable Value in the 2017 Ratings List of £5,500.00. Please note the Rateable Value is not what you pay.
If sold, each party are to bear their own legal costs incurred in connection with the transaction.
Strictly by appointment with the agent Kirkham Property - 509 Middleton Road, Chadderton, Oldham OL9 9SH - Please call 0161 925 3759 or email email@example.com