31 Market Street, Shaw, Oldham | Property for sale | Savills
Guide price £100,000(€118,160)

31 Market StreetShaw, Oldham

  • New
  • Sole agency
  • Freehold
Investment

Key features

  • Vacant High Street Retail Unit
  • Arranged Across Ground, First and Second Floors
  • Prominent High Street Location
  • 1,831 sq ft (170.11 sq m)
  • Development Potential to the Upper Parts (stp)
  • Large Rear Yard and Access
  • Potential to Create a High Yielding Investment

Vacant High Street Retail Unit and Associated Upper Parts with Rear Yard Potential to Create a High Yielding Investment and Create a Mixed Use Property (stp)

About this property

  • The property comprises a prominent high street retail unit with associated upper parts offering a number of investment and development options. Arranged across ground, first and second floors, the property is currently vacant and comprises a retail unit to the ground floor with associated amenity space to the upper parts. We understand the upper parts are in need of modernisation. We understand the ground floor is in lettable condition and offers 836 sq ft (77.71 sq m) of accommodation with the most recent letting producing £7,900 per annum. The property includes a large rear yard which includes a dropped kerb and access from Eastway. We therefore consider there may be potential for development to the rear. Furthermore, there may be potential to convert the upper parts of the existing building to alternative uses, including residential (subject to obtaining the requisite consents). Market Street comprises the principal retail amenity in Shaw, the street enjoys high footfall and low vacancy with a number of local and national occupiers.

Additional information

  • Whilst there are no extant planning consents, the property may be suitable for a number of various development options, including the conversion of the upper parts to alternative uses, as well as increasing the massing of the site generally and developing additional accommodation to the rear (subject to obtaining the requisite consents).