Mixed use for sale

TO BE SOLD BY ONLINE AUCTION ON 25TH – 26TH MARCH UNLESS SOLD PRIOR UNDER AUCTION TERMS.

8 -10 Huddersfield Road, OL4 2AE

An excellent income-producing investment opportunity comprising five one-bedroom residential flats and a ground floor commercial premises, all currently let and generating a strong established income. Not inspected by Edward Mellor.

The five one-bedroom flats are currently let to long-standing tenants at £120 per week (£520 PCM), producing a combined residential income of £2,600 PCM. In addition, the ground floor commercial unit is let at £650 PCM, giving a total rental income of £3,250 per calendar month (£39,000 per annum).

At the guide price, this represents a gross yield in excess of 13%, making it an attractive proposition for investors seeking strong income from day one.

The property benefits from tenants who have been in occupation for a considerable period, providing immediate and consistent rental income and being situated in a well-established and popular rental location, the area benefits from strong local amenities, transport links and consistent tenant demand. Properties of this nature in accessible town-centre locations continue to perform well with investors due to the reliable rental market and long-term growth potential.

Investment opportunities producing this level of return rarely come to market and are expected to attract strong interest from landlords and portfolio investors.