23 bedroom house for sale
Key information
Property description & features
- Tenure: Leasehold
- TO BE SOLD BY ONLINE AUCTION
- Planning Permission: Further Development
- Established Rental Income
- High Yield Potential
- Large Site Area
- HMO
TO BE SOLD BY ONLINE AUCTION ON 12TH JUNE 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.
256, 256A & 258 Honeywell Lane, Oldham, OL8 2JS
Here we have a large plot of three properties on a single site, spanning over four buildings with planning permission to expand further. These properties are reported to generate a gross income of £118,631.
The site includes 17 HMO-licensed accommodations along with 6 private lets, totalling 23 lets. Planning permission has been granted for a fifth building at the rear of the site to house two self-contained studios. Ref: FUL/351520/23
The total floor area across all buildings is approximately 6300 sq. ft. (585.3 sq. m). Operating for 45 years, with 19 years under the current owner. The site is ideally located just 5 minutes from Oldham town centre, with easy access to local amenities and transport links. A bus stop is conveniently situated on the street and Alexandra Park, Oldham’s premier park, is nearby, featuring a boathouse café, playground, and tennis courts.
For further information or to arrange a viewing, please call Kieran at Edward Mellor Auction
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Broadband availability and predicted speed: obtained from Ofcom on May 18, 2024
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Mobile phone signal availability and predicted strength: obtained from Ofcom on May 18, 2024
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area
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