348 Ashton Road

Ref: Lot 5

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Town & Country Property Auctions Manchester
Town & Country Property Auctions Manchester

Description

** LANDLORDS / INVESTORS - DO NOT MISS OUT*** RENTAL YIELD 10% £1450 PCM ***

We are pleased to offer to the market by online public auction 348 Ashton Road, Oldham, which comprises as follows:

FLAT

GOOD LONG-TERM TENANT IN SITU** 30M2 ** this one-bedroom flat located in an ideal location close to all local amenities and direct Manchester City Centre transport links. This property has been well maintained by the current landlord and would make an ideal purchase for any landlord to start their property portfolio and or to expand their current portfolio. The property briefly comprises, an open plan lounge & a modern fitted kitchen (15M2), a double bedroom, and shower room.

The property also benefits from double glazing and gas central heating. Perfectly located close to local amenities including a popular Tesco Express and public transport links.

COMMERCIAL PREMISES

The ground floor of the property is a trading cafe business, which is let on a three year lease commencing 14th April 2024 at a current rent of £800 pcm with provision for that to automatically increase on each anniversary of the lease at RPI + 5.9%. The premises are occupied by good reliable tenants.

The property has been priced attractively to encourage early initial interest.

Pre auction offers above the guide price will be considered and viewings are encouraged by serious prospective purchasers to appreciate the scope of the investment opportunity on offer.

Council Tax Band

A


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

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