Neville Street Industrial Estate, Middleton Road, Oldham OL9 6LD
Oldham, OL9 6LD
Acquired
Price
£562,000
Rent (pa)
£35,440
Yield
6%
Investment Summary
- Well let light industrial estate in Oldham, Greater Manchester
- Established industrial location, popular with a variety of commercial occupiers.
- A total of 10 units – 7 units income producing and 3 sold off long leasehold.
- Total floor area of 9,200 sq. ft – 5,676 sq. ft income producing and 3,524 sq. ft sold of long leasehold.
- Total rental income of £35,440 per annum which equates to a low average rent of £6.33 per sq. ft
- AWULT of 1.9 years to lease expiry.
- Freehold
- Purchased for £562,500 which equates to 6% net initial yield and a capital value of £99 per sq. ft.
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