Old Street, Ashton-Under-Lyne
- PROPERTY TYPE
Residential Development
- BEDROOMS
10
- BATHROOMS
5
- SIZE
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Description
NEXT AUCTION DATE: MONDAY, 18TH AUGUST 2025.
Nestled in the heart of Ashton-Under-Lyne, this remarkable development property on Old Street presents an exceptional opportunity for investors and developers alike. Currently configured as a fully tenanted building, it generates an impressive income of £4,300 per calendar month from its individual flats and shop, making it a lucrative venture from the outset.
The property boasts three spacious reception rooms and a total of ten bedrooms, complemented by five bathrooms, providing ample accommodation for future tenants. The existing layout includes a ground floor shop, which is currently vacant. A three-bedroom flat with a rear trance and parking facility, generating £1,200 per month. The first floor features another three-bedroom flat, also bringing in £1,200 per month, while the second and third floors house a generous four-bedroom flat, yielding £1,350 per month.
This property offers a unique chance to convert the entire building into a twelve-bedroom House in Multiple Occupation (HMO), subject to the necessary planning permissions and licensing. The potential for increased rental income through this conversion is significant, making it an attractive proposition for those looking to expand their property portfolio.
Situated in a vibrant town centre, this property benefits from excellent transport links and local amenities, ensuring a steady demand for rental accommodation. Whether you are an experienced investor or a newcomer to the property market, this development opportunity is not to be missed. Embrace the potential of this versatile property and secure your future in the thriving Ashton-Under-Lyne area.
Brochures
Old Street, Ashton-Under-LyneBrochureOld Street, Ashton-Under-Lyne
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ashton-under-Lyne Station0.3 miles
- Stalybridge Station1.1 miles
- Guide Bridge Station1.3 miles
About PROPERTIES UNDER THE HAMMER AUCTIONS, Covering Nationwide
3rd Floor, Houldsworth Mill, Houldsworth Street, Reddish, Stockport, SK5 6DSNotes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call PROPERTIES UNDER THE HAMMER AUCTIONS, Covering Nationwide on 0161 524 2956.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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