Manchester Road, Rochdale, OL11 3AW

£105,000

SOLD SUBJECT TO CONTRACT

KEY FEATURES
  • Immediate Income
  • 1 Bedroom Flat
  • 1 Commerical Unit
  • Tenants In Situ
  • Great Transport Links
  • Parking At The Rear
  • Close to Restaurants, Shops & Bars
  • Popular Commercial Area
  • Terrace
  • Brand New Windows & Balcony Door In Flat

Financial Performance
Ground rent £3
Service charge £0
Lettings fees £0
Gross yield 8.6%
Net Yield 8.6%
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Mr Investa is delighted to offer this 1 Bed, 1 Commercial unit terrace with immediate income, making this a perfect addition to any investment portfolio.

Situated on the popular Manchester road, the properties location is ideal. Surrounded by bars, shops and restaurants. The property offers easy access to transport links with the train station just around the corner.

The property briefly comprises;
Upstairs - 1 bedroom, 1bathroom, kitchen, living room and terrace.

Downstairs - 1 commercial unit, wc and storage

1 Bed Flat - The one bed flat above is currently rented at £340pcm

Commercial unit - The commercial unit is a barbers and is currently rented at £420pcm

The residential flat is renewed yearly and the commercial has 2 years remaining on a 3 year lease.

The residential flat has been occupied by the same person for approx 10years. The commercial has been occupied by the same person for approx 8years.

Gas is separate
Water and electric is shared, which the tenants resolve via usage.

Some Additional Notes From The Seller -
* Brand New Windows & Balcony Door In Flat
* Installed Sensor Lights In The Corridor
* New Shared Back Door
* ECIR Done
* Both boilers Recently Serviced

*Above has all been done in the last 12 months

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.