PROMINENT RETAIL INVESTMENT Total Income of £26,500pa

30 – 36 Rochdale Road Royton Oldham OL2 6QJ

• Situated in a popular neighbourhood parade

• Long-standing tenants

• Strong local covenants

LOCATION The property is located on the east side of Rochdale Road in the centre of Royton. The property is situated within a popular local neighbourhood shopping parade, directly opposite Royton Shopping Centre within a predominantly residential area. Oldham Town Centre is approximately 2.5 miles south of the property and Manchester City Centre is approximately 8.5 miles to the south west. Bus stops are located along Rochdale Road providing regular services to surrounding areas. DESCRIPTION The investment comprises of two adjoining properties with two individual retail units across ground and first floor with a private car park to the rear. The properties are of traditional brick construction, two storeys in height with multi pitched slate roofs. To the rear of each property there is a single storey extension of traditional brick construction beneath an asbestos covered roof. 33330 0 0 0 ---- 32323232 RochdalRochdalRochdalRochdale Roade Roade Roade Road: The unit has been fitted out as offices and is let to Ryder & Dutton Estate Agents. The ground floor comprises shop floor area fitted with laminate floors, plastered and painted walls with suspended ceilings and CAT II lighting. The first floor provides further office / storage space. 34 34 34 34 –––– 36 Rochdale Road36 Rochdale Road36 Rochdale Road36 Rochdale Road – The shop is fitted out as a dry cleaners and is let to Turners Dry Cleaners who have been insitu for circa 40 years. The ground floor comprises a retail counter to the front and storage to the rear. There is additional office / storage space on the first floor. Car ParkCar ParkCar ParkCar Park–––– A private car park let to Oldham Council situated to the rear of the property of regular shape providing space for circa 20 cars bound by brick walls and accessible via Park Street A full tenancy schedule is available overleaf.

TENURE The properties are held freehold. VAT We are informed that the transaction will be subject to VAT at the prevailing rate.

ASKING PRICE We are instructed to seek offers in the region of £315,000 reflecting a gross yield of 8.4%. FURTHER INFORMATION For further information please contact the sole agent: W T Gunson for the attention of Sam Beckett (email: sam.beckett@wtgunson.co.uk Tel: 0161 833 9797 Date of preparation: January 2020

TENANCY SCHEDULETENANCY SCHEDULETENANCY SCHEDULETENANCY SCHEDULE

PROPERTYPROPERTYPROPERTYPROPERTY

TENANTTENANTTENANTTENANT

NET NET NET NET

INTERNAL INTERNAL INTERNAL INTERNAL AREAAREAAREAAREA

LEASE LEASE LEASE LEASE START START START START DATEDATEDATEDATE

LEASE END LEASE END LEASE END LEASE END

DATEDATEDATEDATE

TERMTERMTERMTERM

TENANT TENANT TENANT TENANT BREAK BREAK BREAK BREAK

CLAUSESCLAUSESCLAUSESCLAUSES

RENT RENT RENT RENT

REVIEWSREVIEWSREVIEWSREVIEWS

ANNUAL ANNUAL ANNUAL ANNUAL RENT (per RENT (per RENT (per RENT (per annum)annum)annum)annum)

30303030----32 Rochdale 32 Rochdale 32 Rochdale 32 Rochdale RoadRoadRoadRoad

Ryder & Dutton

1,084 14/01/2015 13/01/2021 6 13/01/2020 £11,500

34343434----36363636 Rochdale RoadRochdale RoadRochdale RoadRochdale Road

Turners Dry

Cleaners

1,129 25/12/2012 24/12/2022 10 25/12/2021 £13,000

Car ParkCar ParkCar ParkCar Park Oldham Borough Council

11/08/2015 10/08/2020 5 £2,000

2,213

TOTAL INCOMETOTAL INCOMETOTAL INCOMETOTAL INCOME

£26,500