84-86 Yorkshire Street, Rochdale, Lancashire, OL16 1JX

Freehold Investment Opportunity

Property details

Type Investment
Tenure Freehold, subject to the existing tenancy.
Price Offers based on £350,000
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  • Freehold mixed use investment opportunity
  • Property extends to 5,665 sq. ft. (525.31 sq m)
  • Ground floor let on a renewed 5-year lease from 2022
  • Vacant first & second floor offices with development potential (STP)
  • Passing Rent - £25,000 with an ERV of £35,000
  • Offers based on £350,000 are invited

The property comprises a ground floor retail unit with basement ancillary accommodation and self contained office accommodation on the first floor and second floors accessed from Yorkshire Street.

The property is prominently situated on the east side of Yorkshire Street, Rochdale’s prime pedestrianised retail thoroughfare. The property is adjacent to the Wheatsheaf Shopping Centre which houses occupiers including Peacocks, New Look, Argos and Wilkinsons and approximately 100 metres from the entrance to The Exchange Shopping Centre. Other nearby occupiers include Marks & Spencer, Lloyds Bank, Santander and Specsavers.
Basement – 1,109 sq. ft ( 103.01 sq m) of retail space
Ground Floor – 1,512 sq. ft. ( 140.50 sq m) of retail space
First Floor – 1,489 sq. ft. ( 138.30 sq m) of office space
Second Floor – 1,545 sq. ft. ( 143.50 sq m) of office space
Freehold, subject to the existing tenancy.
Ground Floor – Let to Poundzone ( North West ) Limited T/a Poundzone at a passing rent of £25,000 per annum.
First Floor – Vacant

Total Income - £25,000 per annum.
Offers in the region of £350,000 are sought for the Freehold interest, subject to the existing tenancy.
We are advised that VAT is not applicable. However, if VAT is payable, then it is anticipated that the sale will be dealt with by way of a TOGC.
Available upon request.
Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.