Property photos
Guide price
£275,000
(£354.84/sq. ft)
Retail premises for sale
Manchester Road, Rochdale OL11775 sq. ft
Local area information
Property location
Nearby amenities
- Marland Hill Community Primary School 0.2 miles
- Brimrod Community Primary School 0.3 miles
- Castleton (Manchester) 0.7 miles
- Rochdale 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Rochdale to find out more about the local area.
Features and description
- Mixed use property
- Fantastic investment opportunity
- Barbers & Retail Shops
- Post Office
- Two residential flats
- Long leasehold
Summary
*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction this leasehold property with over 900 years lease and no ground rent.
Retail Shops & Post Office: Two retail spaces, currently housing a post office. Generating a steady rental income of 750 per month. A ten-year lease started in October 2023.
Barber Shop: A barber shop with a rental income of 550 per month. It has been leased for 6 years (from January 2024), offering stable and reliable tenants.
Flat 1: A comfortable one-bedroom flat with a living room. Currently rented at 680 per month.
Flat 2: This spacious two-bedroom flat features a cozy living room and a loft. Currently rented at 750 per month.
These tenanted properties bring in a combined income of 2,730 per month.
The owners currently share a single electric meter with the post office, ensuring seamless retail for sale management.
This semi-commercial property is a fantastic investment opportunity, providing consistent rental income with its mixed-use setup. It's an ideal choice for those looking to diversify their portfolio with a combination of retail and residential tenants. Don't miss out on this chance to own a prime piece of real estate in a thriving location!
Please note we have not inspected this property.
Location
Manchester Road in Rochdale, Greater Manchester, is an important road that connects different parts of the town. It is a busy area with a mix of homes, shops, and businesses. The road is well-connected by public transport, including buses and trains, making it easy to get around. The area also has schools, parks, and other local amenities, making it a convenient place to live and work.
Tenure
Leasehold. Title number LA178479.
Date : 18 July 1878
Term : 999 years (less 7 days) from 5 March 1792
Rateable Value
The current rateable value is 5,400 (1 April 2023 to present).
Sourced from voa.
EPC
Available upon request (rating D).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
*For sale via secure sale online bidding: Terms and conditions apply.*
We are pleased to offer to auction this leasehold property with over 900 years lease and no ground rent.
Retail Shops & Post Office: Two retail spaces, currently housing a post office. Generating a steady rental income of 750 per month. A ten-year lease started in October 2023.
Barber Shop: A barber shop with a rental income of 550 per month. It has been leased for 6 years (from January 2024), offering stable and reliable tenants.
Flat 1: A comfortable one-bedroom flat with a living room. Currently rented at 680 per month.
Flat 2: This spacious two-bedroom flat features a cozy living room and a loft. Currently rented at 750 per month.
These tenanted properties bring in a combined income of 2,730 per month.
The owners currently share a single electric meter with the post office, ensuring seamless retail for sale management.
This semi-commercial property is a fantastic investment opportunity, providing consistent rental income with its mixed-use setup. It's an ideal choice for those looking to diversify their portfolio with a combination of retail and residential tenants. Don't miss out on this chance to own a prime piece of real estate in a thriving location!
Please note we have not inspected this property.
Location
Manchester Road in Rochdale, Greater Manchester, is an important road that connects different parts of the town. It is a busy area with a mix of homes, shops, and businesses. The road is well-connected by public transport, including buses and trains, making it easy to get around. The area also has schools, parks, and other local amenities, making it a convenient place to live and work.
Tenure
Leasehold. Title number LA178479.
Date : 18 July 1878
Term : 999 years (less 7 days) from 5 March 1792
Rateable Value
The current rateable value is 5,400 (1 April 2023 to present).
Sourced from voa.
EPC
Available upon request (rating D).
Additional Information
For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
More information
Listed by
Pattinson - Commercial
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