Description

Prominent Retail Premises.
Investment Property.
Current Annual Income £6,600.
Internal Repairing Lease.
Central Village Location.
Refurbishment and Updating Required.
Energy Performance Asset Rating (EPAR) is E-120.

FOR SALE: Offers in the Region of £98,500.

The property is centrally located within Lees village in a prominent main road position. Lees village is approximately 3 miles from Uppermill, and 2 miles from Oldham town centre. Lees is well served with local amenities, and is a popular trading area with many independent businesses. There is a free car park immediately to the rear.

The property comprises a two storey retail premises, currently tenanted on an internal repairing lease which produces an annual income of £6,600. It is in need of refurbishment, but currently provides a ground floor sales area with shop front and roller shutter to High Street, steps lead up from the rear to a store room with further store off, and a room with a sink unit. The first floor is mainly open plan, with a small store and wc behind a partition wall.

The property is currently let on an agreement that commenced on 10th July 2017 for a term of 3 years, at an annual rent of £6,600, on an internal repairing basis. A copy of the lease is available on request.