Property

TO BE SOLD BY ONLINE AUCTION ON 12TH JUNE 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

6-12 Retiro Street, Oldham, OL1 1SA

* VIRTUAL VIEWING AVAILABLE *

This mixed-use commercial property occupies a fantastic position next to the busy high street of Oldham town centre. Its location provides excellent visibility and constant foot traffic, making it an ideal investment opportunity. The property has an approximate square footage of 2,769.

Currently, the premises are utilised by an Italian restaurant with a well-established tenant. The full building is currently let at £11,562.36 per annum, with the potential rental income of £32,400 per annum. On the ground floor, there is a kitchen, main dining room, and entrance hall. On the first floor, there is a second dining room, bar area, and toilets. The third floor contains storage facilities currently used by the restaurant and a one-bedroom self-contained flat also utilised by the current leaseholders for the restaurant.

Oldham's central location in Greater Manchester, with its rich industrial history and vibrant community, makes it an attractive hub for businesses and residents alike. Offering a diverse mix of urban amenities, cultural attractions, and convenient access to major transportation routes, the area presents promising opportunities for commercial ventures. Its ongoing urban regeneration initiatives further underscore its potential for growth and development, making it an appealing prospect for investors seeking strategic investments within the region.