5 Howarth Court Gateway Crescent, Broadway Industrial Estate, Oldham
ACQUISITION | YIELD 7.92%
This part let office provided a shrewd investment acquisition. Located Howarth Court off Oldham Broadway, A663 offering superb motorway connectivity. Although the office has a shared entrance, property is split into two completely self-contained floors totaling 2,348 Sq Ft. The ground floor was tenanted, contributing an income of £14,000 pa with the first floor sold with vacant possession.
An attainable reversionary rent being £32,000 pa, the premises was sold for £388,000 the Net ERV thus equating to 7.92% with purchaser’s costs of 4.09%.
