Property Details
Pugh Auctions
Lot 083a
Lot 083a
Auction: February Auction 2015

Commercial Yard, Booth Hill Lane, Oldham, Greater Manchester, OL1 2JT

Property Details
Location

Booth Hill Lane is accessed off Rochdale Road (A6048) in close proximity to the Royal Oldham Hospital. Oldham town centre is approximately 1 mile to the south.

Description

An enclosed industrial yard which contains a variety of industrial workshops, offices and storage buildings plus a residential flat. The commercial yard is let to two individual tenants who are trading car garages and a scrapyard. There is a separate mast and residential flat that are let out on individual agreements.

Accommodation

Yard Area 1 Office and Workshops Approximate GEA of buildings 430 sq m (4,627 sq ft) Yard Area 2 Workshops, Storage Buildings Approximate GEA of buildings 471 sq m (5,068 sq ft) Residential Flat The vendor has confirmed that this is a Three Bedroom Flat

Approx Site Area

Approximately 0.42 Hectares (1.04 Acres).

Tenure

Freehold.

Planning

We are aware that the site was the subject of a planning application in November 2005 for the erection of 24 residential properties on the site, we are not aware of the outcome of the application. Interested parties should with the Local Planning Office, Oldham Metropolitan Borough Council, PO Box 160, Civic Centre, West Street, Oldham, OL1 1UG. Tel: 0161 911 3000, Fax: 0161 911 4684.

Tenancy

Yard Area 1 Is let to Booth Hill Autos Limited (with a personal guarantor) for a term of 7 years from 15th March 2014 at a rent of ú26,000 per annum which increases to ú28,600 per annum from the 24th February 2017. The lease is contracted out of the Landlord & Tenant Act 1954. Yard Area 2 Is let to Gravel Walk Autos Limited (with a personal guarantor) for a term of 7 years from 1st March 2014 at a rent of ú26,000 per annum which increases to ú28,600 per annum from the 1st March 2017. The lease is contracted out of the Landlord & Tenant Act 1954. The Mast is let to Hutchinson Telecom on a lease that expires on the 31st December 2021 at a current rent of ú4,500, the lease is subject to 5 yearly RPI increases. There are rent reviews from 2007 and 2012 which have currently not been exercised by the vendor. The residential flat is let to an individual on a 6 month AST from January 5th 2015 at a rent of ú4,920 per annum.

Addendum

Please see the website and the legal pack for full details of the occupational leases.

Property Location Address:
Commercial Yard,
Booth Hill Lane,
Oldham,
Greater Manchester,
OL1 2JT
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Auction Details
Auction: February Auction 2015 Date: 26th February 2015 Lot Number: 083a Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
Manchester City Football Club,
Manchester,
M11 3FF

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