FOR SALE BY LIVE STREAM AUCTION ON TUESDAY 2ND SEPTEMBER 2025 AT 12PM.
*GUIDE PRICE £170,000+
OPEN VIEWING ON 01/09 AT 12:00PM-12:30PM
Extended mixed-use investment opportunity producing an annual income of £22,500 per annum on a 10 year lease.
The ground floor comprises of two retail units currently being used as a sandwich shop and a takeaway and to the first floor a large two-bedroom flat with private side entrance and balcony.
The property can be found just off Broadway in Chadderton. A convenient location with an established residential area and also close to other local shops, schools, and transport links.
Please note, the property is let to a single tenant, however we believe the property has three occupants. Potential bidders are advised to carry out their own research in this regard prior to bidding.
Lease Length - 990 years from 24 February 1932 Ground Rent - £6
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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