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Impressive Lock Up Premises with separate 1 Bedroom flat
Prominent Retail Position
Close to Oldham College
Located In A Densely Populated Area
Stock and Equipment Included
This concern is conveniently located on Chadderton Way and in the heart of a densely populated area serving the local community as well as local schools and the Oldham College.
The business is achieving a healthy turnover of £2000 per week but has huge potential to do more. The shop offers an array of Asian grocery products but with the re- introduction of a butchery, increased opening hours and introduction of newspapers, off licence, pay point, mobile top up and especially confectionary lines, has huge potential to raise its revenue substantially.
The business comes with an impressive range of commercial butchery equipment as well as display freezers, 6ft x 4ft cold room, counters and shelving.
Offered for sale due to other business commitments, our client has created this superb opportunity for a new owner to really enjoy this business and continue to drive it forward.
Additionally the shop offers potential for a first floor 1 bedroom flat with its own entrance from a main street position.
With need some minor works to the flat this separate entity could generate a further £400.00 rental income per calendar month for the new owner.
The commercial premises measures approximately 858 square feet with 301 square feet of retail area, 79 square feet of butcher’s preparation area and 478 square feet of storage area to the ground floor.
To the first floor with its own entrance provides a 1 bedroom flat once converted but is currently being used as storage.
Nia commercial area: 858 sq ft (80 sq m) nd-epc rating: To follow
(All measurements have been taken compliant to the RICS code of measuring practice. These measurements have been taken in metric and converted to the nearest imperial equivalent)
Zone area 1 (Retail Area): 301.17 sq ft (27.98 sq m)
Zone area 2 (Butchers preparation area): 78.79 sq ft (7.32 sq m) Zone area 3 (storage area): 478.88 sq ft (44.49 sq m)
Potential for one bedroom, separate kitchen/diner and bathroom.( currently being used as storage).
Rental/Price Rental - £9880.00 per annum (£190.00 per week) Business price (including stock and equipment) – oiro of £10,000 .
With reference to the Valuation Office Agency website, the property has been assessed for uniform business rates with a rateable value in the 2016 Ratings List of £5200. Further enquiries should be made with the business rates team to confirm the actual rates payable (You won’t pay business rates on properties with a rateable value of £6,000 or less until 31 March 2017).
The premises are also available To Let by the way of a new effective full repairing and insuring lease for a term of years to be agreed incorporating three year rent reviews where applicable or can be bought
The prices and/or rentals quoted are exclusive of VAT (if applicable)
Prospective Tenant is to be responsible for their own legal costs as well as the Landlord’s.
Viewing by arrangement with the sole agents:- Maya Property Services
There are a number car parks within close proximity of the premises and on street parking is available to the front, back and sides.
We have been advised that all mains services are connected.
We endeavour to make our sales and lettings particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
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For more information about this property, please contact Maya Property Services Ltd, OL1 on +44 161 937 6737 * (local rate)
Contact Maya Property Services Ltd about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Maya Property Services Ltd, and do not constitute property particulars. Please contact Maya Property Services Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.