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235-243 Burnley Ln 1,786 sq ft Office Property Oldham OL9 0EW £295,000 (£165.17/sq ft) 6.10% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Mainly residential area
- Good transport links
- Good access to both the M60 and M62 motorways
EXECUTIVE SUMMARY
The property is situated at the junction of Burnley Lane and Mora Avenue in the Chadderton district around 2 miles to the north west of Oldham town centre. It is a mainly residential area close to the Broadway/A627 (M) junction at Elk Mill, with good access to both the M60 and M62 motorways.
A part two storey/part single storey former Co-Operative building that has been attractively converted to provide quality office accommodation over 2 floors, along with a rear loading bay and storage.
There is a gated hard surfaced yard to the rear. The accommodation includes private and open plan offices, storage, loading bay, kitchen and toilet facilities.
From measurements taken on site, we understand that the accommodation extends to the following approximate net internal floor areas; Ground Floor 1,422 sq ft and first floor 425 sq ft.
Fully Let to Liberty Support Services Ltd with current Rent Passing £18,000 per annum
A part two storey/part single storey former Co-Operative building that has been attractively converted to provide quality office accommodation over 2 floors, along with a rear loading bay and storage.
There is a gated hard surfaced yard to the rear. The accommodation includes private and open plan offices, storage, loading bay, kitchen and toilet facilities.
From measurements taken on site, we understand that the accommodation extends to the following approximate net internal floor areas; Ground Floor 1,422 sq ft and first floor 425 sq ft.
Fully Let to Liberty Support Services Ltd with current Rent Passing £18,000 per annum
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,786 sq ft
Costar Property Class
B
Year Built
1910
Price
£295,000
Price per sq ft
£165.17
Yield
6.10%
NOI
£18,000
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,366 sq ft
AMENITIES
- Kitchen
- Storage Space
- Demised WC facilities
- Open-Plan
- Partitioned Offices
- Yard
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235-243 Burnley Ln
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