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Auction Property Details

817 Manchester Road, Rochdale, OL11 3AH

This property is listed in the following auctions

Lot 34 - 13.12.2017

Auction Guide Price £65,000 Plus *


for sale by auction on 13th December

INVESTMENT

WHY BUY?
Post office tenant
7yr lease from July 2017
Undeveloped upper floors
Potential to add value
Pre-agreed stepped rent increases

DESCRIPTION
This is a mid terrace property that is configured to provide retail unit to the ground floor with accommodation space to the upper floor that has not been developed yet, but has potential to be turned into a flat, subject to gaining all necessary consents. The retail unit is let by way of a 7yr lease with current rent £3000pa, but agreement to £3900pa and again to increase to £4320pa.

LOCATION
Fronting Manchester Road at the end of a small parade of shops in Castleton only 2 miles away from Rochdale. 

ACCOMMODATION
Ground floor: Post office – shop floor, sales area, storage
First floor: Accommodation space
Outside: Yard to rear

 

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Next
Auction

14th February 2018 1.00pm

Council Chambers, Liverpool Town Hall, High Street, Liverpool, L2 3SW

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