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72 & 74-76 “The Globe” High Street, Uppermill, Oldham, Lancashire

£1,375,000

For Sale

Property details

The property is situated within Uppermill, an affluent village with a thriving retail high street located in Saddleworth on the River Tame in a Valley amongst the picturesque backdrop of the north Peak District.

The property is situated centrally within the principle high street of Uppermill and is in close proximity to recognised high street brands such as the Co-op supplemented by popular independent retails and many food and beverage offers.

Uppermill is located approximately 4.5 miles (7.2km) east of Oldham and 7 miles (11.3km) east-northeast of Manchester City Centre. Uppermill is accessible from J22 M60 Motorway and within 1 mile (1.6km) of Greenfield Train Station, offering direct trains to Manchester Piccadilly and Sheffield.

Accommodation within the portfolio is situated across basement, ground, first and second floor levels. Current occupiers include RSPB, local drinking establishments, delicatessen, clothing retailers and office suites. Further floor plans can be provided on request.

72 High Street – Offers in the region of £475,000. A purchase at this level would offer a net yield of 7.21% based on the ERV (assuming usual purchaser’s costs).

74-76 “The Globe” – Offers in the region of £900,000. A purchase at this level would offer a net initial yield of 7.17% (assuming usual purchaser’s costs).

Offers are invited for the properties individually or as a whole. The purchase price for both properties is £1.375m. A purchase at this level would offer a net yield of 7.13% based on the ERV (assuming usual purchaser’s costs).


Location

Manchester North, Oldham


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