Large 6,500 sq ft (600 sq m) versatile corner building in Oldham Town Centre. Accommodation over three floors, plus basement kitchen area, including former owners accommodation set up as a 5 bedroom flat. May suit alternative uses subject to planning.The lot will go under the hammer on 17th September 2019
Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions.
You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.
Details
Set over three floors the property has been used as a restaurant in the recent past with basement kitchen accommodation leaving the first floor free for dining with second floor owners/managers/staff accommodation.
The property was used by the current owners as a Chinese Restaurant up until 2017 then was let to "Piri Piri Chicken" until recently when they moved to smaller premises nearby.
The property is now stripped back to a shell and is ready to be refitted to suit the next occupier as it is a blank canvas.
Planning
The town centre is a popular location for development to part residential and this property is considered suitable for upper floor conversion as possibly hotel accommodation, residential flats or HMO subject to the necessary consents
Potential Rent
As a stand alone commercial premises the rent would be a minimum of £20,000 for the basement, ground and first floors and therefore dependent upon the configuration upstairs then we could see an uplift of around £15,000 minimum for residential accommodation on the second floor should permission be granted.
Notes
EPC rating C (58) As it stands currently the rateable value is £41,250. The accommodation is in the council tax band A. We are advised that the property is sold freehold. We are advised that a premises licence prevails. Floor plans are for purpose of illustration and as a guide to the layout only and must not be relied on as being wholly accurate.
Possession
Vacant on completion
Who, When, Where?
Edward Mellor Auction
Tuesday 17th September 2019
Sheridan Suite, 371 Oldham Road, Manchester, M40 8RR
Important Information
Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions. These can be found on our website https://edwardmellor.co.uk/auctions/buying-at-auction. You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
