Auction House / Manchester
  • For Sale By Unconditional Online Auction
  • Guide Price* : £82,000+
  • Bidding Opens 17/11/2025 13:00

231 Hollins Road, Oldham, Oldham, OL8 3AA

Attention landlords and investors!

Description

A mixed-use investment property comprising a ground floor retail unit together with a self-contained one-bedroom flat to the first floor producing an annual income of £13,200 and giving over 14% Gross Yield.

To the rear of the ground floor there is potential for further development, subject to obtaining the necessary planning consents.

The property occupies a prominent position on Hollins Road, close to local shops, amenities and transport links providing easy access to Oldham town centre and Manchester.

Ground Floor: Retail unit with shop front, WC & kitchen area.

First Floor: One-bedroom flat with private side entrance, comprising lounge, kitchen, double bedroom and shower room.

Both elements are currently let and producing a total income of £13,200 per annum.

Outside: Spacious rear yard area with access towards Copster Hill.

Interested parties should be aware that the property has suffered from some structural movement and buyers are advised to do their own research in this regard.

Accommodation

Ground Floor
Shop Front
Kitchen Area
Outdoor store

First Floor
Living Room
Kitchen
Bedroom
Shower Room

Council Tax Band

A

Lease Start Date

10/07/1936

Lease Duration

920 years (831 years unexpired)

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.

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* Guide | £82,000+
  • 1 Bedroom
  • Unconditional (Immediate Exchange)

Call the team on 0161 925 3254 for more information

Floor plan Legal pack Request more info
Manchester Terms & Conditions
Finance available on this property
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Related Documents

Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.