31-33 York Street, Heywood, Lancashire, OL10 4NN

Category For Sale
Type Investment
Size 1,008 sq ft / 93.6 sq m
Price £164,500

Description

Fully Let Investment Property.
Total Income £11,100 pa.
Popular and Prominent Location.
Recently Refurbished Premises.
Established Tenant to Ground Floor.
New Tenant to First Floor.

FOR SALE: Offers in the Region of £164,500.

The property is in a secondary trading position, but in a very prominent location, at the junction of York Street and Queens Park Road, on the eastern side of the town centre. Other occupiers close by include a solicitors, restaurant, sandwich shop/bakery, and numerous independent businesses.

Heywood is a town within the metropolitan borough of Rochdale. It has a population of around 28,000 and is a residential and industrial centre situated on the south bank of the River Roch, 2 ¼ miles to the east of Bury and 3 ½ miles to the west of Rochdale. It is within a mile of junction 19 of the M62 trans Pennine motorway and is also close to the M66 with a number of large distribution parks situated close to the motorway junctions.

A fully let investment property, which has been fully refurbished in the last 12 months by our client. There is a florist occupying the ground floor that is understood to have been in occupation for approximately 20 years, whilst the refurbished suite to the first floor is let on a 12 month tenancy commencing January 2020. The first floor has a separate entrance to the side, on Queens Park Rd. There is a rear yard. We understand that the recent refurbishment works included external rendering, re-wiring, re-plastering, new lighting and plumbing, as well as decoration.