Property for sale on

Honeywell Lane

Oldham, OL8

Tenure: Leasehold

Belvoir are pleased to offer FOR SALE this established letting business spanning over 45 years, 19 years with the current owner. The business currently generates £118,631 gross, with a yield of 11.5%.

All properties are on one site, and the development consists of 17 HMO licenced accommodations, plus a further 6 accommodations private lets – totalling 23 lets.

The site is set across 4 buildings with further planning permission granted for a 5^th building to the rear of the site for two self-contained studios.

Building 1 - containing 8 rooms set over 3 floors. All rooms have their own kitchenette with hot and cold running water. The ground floor measures 64.4m2 and has 3 rooms. The first floor measures 63.1m2 and has 3 rooms. The second floor measures 17.5m with 2 rooms. The property benefits from communal bathrooms, and there is uPVC double glazing and gas central heating throughout, as well as front & rear yards.

Building 2 - containing 9 rooms set over 4 floors. All rooms have their own kitchenette with hot and cold running water. The basement measures 23.2m2 and has 1 room. The ground floor measures 84.7m2 and has 3 rooms. The first floor measures 65.8m2 and has 3 rooms. The second floor measures 54.2m with 2 rooms. The property benefits from communal bathrooms and fitted kitchens, and there is uPVC double glazing and gas central heating throughout, as well as front & rear yards.

Building 3 – containing 4 rooms. All rooms are self-contained with individual small galley kitchen, WC and shower room. The building measures 65.7m2. The building is uPVC double glazed and has electric heating.

Building 4 – containing 2 studios with private individual bedroom, kitchen, living space, WC, and shower. The building measures 40.6m2. The building is uPVC double glazed and has electric heating.

Building 5 – Planning permission approved for 2 self-contained studios.

The total floor area across the buildings is 479.2m2. The site is very well located just 5 minutes from Oldham town centre and all its amenities and transport links, there is also a bus stop on the street. Alexandra Park is also located on the doorstep which is Oldhams premier park featuring a boat-house cafe, park and tennis courts.

PAT, Gas, Electrical and Fire Alarm certificates available on request.

For further information or to arrange a viewing - call Belvoir today!

Please Note: We have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify they are in working order or fit for their purpose. Furthermore, solicitors should confirm moveable items described in the sales particulars are, in fact, included in the sale since circumstances do change during marketing or negotiations. A final inspection prior to exchange of contracts is also recommended. Although we try to ensure accuracy, measurements used in this brochure may be approximate. Therefore if intending purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they would take such measurements themselves.

EPC rating: E. Council tax band: B, Tenure: Leasehold,