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Mount Pleasant Street, Oldham, OL4 1HH

£550,000


Full Details

Hyde Estates are pleased to offer this established industrial estate made up of 10 commercial units of varying sizes. There is an annual income of £56,850 with the potential of further income as 1 unit is currently unoccupied. The estate is located approximately 1 mile to the east of Oldham Town Centre with easy access to the M60. The site provides secure parking to some units with the usual facilities readily available.   

Location
The site is located on Mount Pleasant Street, just off Lees Road and approximately 1 mile to the East of Oldham Town Centre with easy access to the Manchester Outer Ring Road M60. The area is of a mixed nature containing industrial, commercial and retail property.

Accommodation
We understand the units have the following approximate floor areas
Unit 1 - 3409sq ft
Unit 2 - 1428sq ft
Unit 3 - 1025sq ft
Unit 4 - 1182sq ft
Unit 5 - 600sq ft
Unit 6&7 - 3590sq ft
Unit 8 - 1900sq ft
Unit 9 - 1685sq ft
Unit 10 - 3750sq ft

Total approx internal floor area 18,569sq ft

Leases
All units are let on effectively full repairing and insuring terms as follows

Unit                                                Lease                           Rent per annum

Unit 1 car breakers                      01/03/2018 – 28/02/2023    £7400

Unit 2 car valeting                       01/08/2018 – 31/07/2020    £6000

Unit 3 sale of car tyres                 19/11/2013 – 18/11/2017    £5350

Unit 4 vehicle storage                  26/10/2017 – 25/10/2020    £4850

Unit 5 vacant                                         -                     -                 -

Unit 6&7 scrap metal recycling       01/01/2019 – 01/01/2020    £8300

Unit 8 window fabrication              05/01/2018 – 04/01/2023     £6750

Unit 9 sale of used car parts         14/01/2017 – 13/01/2020     £6200

Unit 10 joinery and manufacture   08/12/2016 – 07/12/2019      £12000

Business rates
All parties should make their own enquiries as to the business rates.

Legal costs
Each party to bear their own legal costs.

Viewings
Strictly by appointment with the sole agents Hyde Estate & Letting Agents 0161-773 4583

V.A.T
No V.A.T is chargable on the purchase price. Rents payable are not liable for V.A.T.

Tenure
We have been advised the property is freehold

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