Current Status
https://photos.app.goo.gl/6CV9fW41JeAHabMc9
Property Summary:
-Location: 1 King Street Oldham OL8 1DW, situated next to sixth form and college with main transport links nearby.
-Property Type: Leasehold with 967 years from 1 November 1819.
-Property Description: The property has been converted from office space to a 10 bed HMO with each room having its own bathroom and toilet. There is also a large kitchen in the common area.
-Target Tenant: Ideal for office workers and HA lease.
-Rent: Each unit rents for £425 per month, making a total of £4,250 for all 10 units per month, and £51,000 per year.

Property Features:
-Recently converted HMO with 10 separate units.
-Each unit has its own bathroom and toilet.
-Large communal kitchen area.
-Located in a convenient area next to a sixth form and college with good transport links.
-Ideal for office workers and HA lease.

Investment Potential:

-The property has a potential rental income of £51,000 per year.
-The current tenant market is strong, especially with the property's convenient location.
-The leasehold of 967 years provides excellent long-term investment potential.
-With the increasing demand for office workers and HA lease, the property has a strong potential for capital growth.

Legal Information:

-The property is held on a leasehold basis with 967 years from 1 November 1819.
-All necessary documentation and certificates have been obtained, including HMO license.