********** 13 BEDROOM HMO **********
Excellent development/investment opportunity to purchase a property located in the heart of Oldham town centre. The property is a large detached commercial building known as 8, 10 and 12 Horsedge Street.
The property lies close to the £26 million regeneration of the Oldham Town Hall which now benefits from tenants such as Odeon Cinema, costa coffee, Nandos and many more.
PLANNING PERMISSION APPROVED FOR A 13 BEDROOM HMO ALL WITH ENSUITE BATHROOMS AND OTHER SHARED FACILITIES.
Planning application number PA/339557/17
The building will require a full refurbishment to complete the 13 Bedroom HMO project and therefore is offered at a reasonable price with this in mind.
Potential rental income based on research for similar HMO’s. £100 per week per room x 52 weeks = £5,200 per room
£5,200 x 13 rooms = £67,600 Gross Rental Income
The main Tram station to Manchester City Centre is less than 5 minutes’ walk and commuters can get to the city centre in less than 15 minutes which makes this an ideal investment. Please contact us for further information.