Lot
025
Auction: September 2024 Online Auction 18/09/2024 - Bidding opens Tuesday 17th September 10:00 AM

Car Park At Phoenix Street, Oldham, Lancashire, OL1 1AN

Property Details
Location
Auction Details
Description
A car park investment opportunity comprising a rectangular shaped site extending to 668SqM (799 SqYds) and housing approximately 32 parking spaces. The land is currently let in full as a car park to an adjoining business occupier at £16,000 per annum until 2030. The site may hold potential for future re-development, subject to planning.
Location
The site fronts onto Phoenix Street close to its junction with Brunswick Street in Oldham town centre. The immediate surrounding area comprises a mixture of office and residential buildings with the main retail offering on nearby Union Street comprising a variety of shops, offices and restaurants.
Approx Site Area
Approximately 668 Sq M (799 Sq Yds).
Tenure
The site is held on a 1000 year leasehold title dated 31 March 1847. Title number GM487687
Tenancy
The land is let to NEW BRIDGE MULTI ACADEMY TRUST at £16,000 per annum until 2030 with no break clauses due. A rent review due in 2026.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 17TH SEPTEMBER AND CLOSES ON WEDNESDAY 18TH SEPTEMBER.

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