210-214 Ashton Rd 4,060 sq ft 100% Let Retail Property Oldham OL8 1QN £750,000 (£184.73/sq ft) 8.40% Net Initial Yield

Exciting opportunity to acquire a substantial three-storey mixed-use investment property prominently positioned along Ashton £63,000.00 per annum. The property comprises of three ground-floor retail units with strong roadside visibility, together with three self-contained two-bedroom apartments arranged across the first and second floors. The building has recently undergone refurbishment, offering a appealing, low-maintenance opportunity.
The property break down as follows:
- Shop 210 & 210A with a seven year lease that commenced in June 2022 with annual rent reviews and a current passing rent of £25,800.00 PA
- Shops 214 & 214 with a seven year lease that commenced in February 2022 with three year rent reviews with a current passing rent o £20,400.00 PA
- Flat 212A a 6 month AST from 15 February 2024 with a tenant in occupation and a passing rent £8,400 PA
- Flat 214A a 6 month AST from 28th February 2024 with a tenant in occupation with annual passing rent £8,400 PA