7 bed retail premises for sale

Union Street, Rochdale OL16

Detailed Description

Attention Investors- Prestige Sales and Lettings are delighted to offer this great opportunity to acquire this Town centre mixed use property comprising of 7x 1-bedroom flats all rented out on Assured Tenancy Agreements and 5 commercial shop premises also rented on leases. The full property is generating a rental income of approximately £87,840 per annum which is approximately a 8% return on your investment. There is also scope to maximise the rental income to achieve a better return. This would be a fantastic opportunity for any investor who is looking to expand their portfolio.

The first floor benefits from 7x 1-bedroom flats which briefly comprises of an open plan lounge and kitchen, a double bedroom and a separate bathroom suite. All the flats benefit from electric heating throughout. The flats are all currently rented out and have long standing tenants who have been residing here since 2021. On the ground floor, the building benefits from 4 Shops on Union Street, Rochdale and 2 further shops on Yorkshire Street Rochdale. The commercials shops are all rented on long term leases. Some of the shops are due for renewal on lease in 2026 which means there will be a rent review and new leases signed at this time.

Flats currently let out x7 flats- £4,320 pcm -£51,840 per annum
Shops x 5 let out at £3,000 pcm - £36,000 per annum
annual gross income £87,840.000 return on investment- 8%

Call Prestige Sales and Letting for further details on