“Under Offer” – Pennant Street Industrial Estate, Pennant Street, Oldham, OL1 3NP

Category For Sale
Type Investment
Size 14,678 sq ft / 1,363.6 sq m
Price £850,000

Description

Industrial Investment
Fully Let & Producing £64,764 Per Annum (Approx)
Management Opportunities
Site Area 0.36 Ha (0.85 Acre)
10 Units Extending to 1,365 Sq M (14,678 Sq Ft) or thereabouts
Previous Planning Consent for Additional Unit
Freehold
Established Commercial Location just off Huddersfield Road (A62)
Energy Performance Asset Rating (EPAR) is G.

Pennant Street Industrial Estate is situated at the junction of Pennant Street and Barry Street, with vehicle access from Pennant Street, just off Huddersfield Road (A62) about a mile to the north east of Oldham town centre. It is within a designated Employment Area and surrounding businesses include Tesco Extra, Tile Giant and KFC. The Metrolink Park & Ride facility at Derker is within 0.5 miles and both the M60 and M62 motorways are within easy reach.

The property comprises a complex of modern light industrial/warehouse units, providing 1,364 sq m (14,678 sq ft), or thereabouts, of space set within grounds extending to 0.36 ha (0.85 acre). They are arranged in 2 blocks of 6 units with a central service yard and turning circle. There is a previous lapsed planning consent for an additional detached unit. Vehicle access is via gates from Pennant Street.

The property is currently fully let to 10 tenants.

The property is currently fully let and producing a rental income of £64,764 per annum from 10 separate tenants. A copy of the tenancy schedule is available upon request. Tenants are primarily local covenants.