85 Union Street, Oldham, OL1 1PF

Category For Sale
Type Investment
Size 1,573 sq ft / 146.1 sq m
Price £275,000

Description

Three Storey H.M.O.
146.09 sq m (1,573 sq ft).
7 Bedrooms.
8 Tandem Car Parking Spaces to Rear.
Adjacent to Metrolink.
Opposite Sainsbury’s.
Town Centre Location.
Fully Renovated in 2018.
Projected Income £30,940 / £85.00 per week, per room (gross).

FOR SALE: Offers in the Region of £275,000.

The property is located in a very prominent position immediately opposite Sainsbury’s Oldham and TK Maxx, and the central Metrolink tram stop, within close proximity of The Spindles Shopping Centre and all the usual town centre amenities.

The property, a three storey (plus basement) former office premises, was granted permission in January 2018 (PA/341073/17) to be converted to an HMO, under use class “Sui Generis”. It has been completely refurbished to a high standard, and part furnished, to provide 7 letting bedrooms, along with a large kitchen diner, and utility room, plus ample shower rooms and w/c facility throughout. There is a fire safety system, including fire alarms, and the property has electric heating throughout, with each room having its own pre-payment meter.

There is space to the rear for 8 cars, parked in tandem. The gross annual income is expected to be in the region of £30,940, based on £85 per room, per week. Interested parties should satisfy themselves as to the expected annual income and running costs.