Manchester Road, Rochdale, OL11

This two-storey property, constructed with traditional masonry, features a ground floor commercial space that was previously utilized as a launderette and is now vacant, along with a self-contained two-bedroom residential flat on the upper level. Situated on Manchester Road in Rochdale, it boasts excellent visibility and is conveniently located near various local amenities and transport options. The commercial unit offers an open-plan layout that can be easily adapted for diverse retail uses, holding potential rental values of approximately £800 to £1,000 per month post-refurbishment. The first-floor flat, which requires renovation work, includes a spacious living room and kitchen area, two double bedrooms, and a bathroom. Once improved, this residential space could achieve rental yields around £750 to £800 per month. There are numerous avenues for enhancing value here — whether it's transforming the property into multiple flats (subject to acquiring necessary permissions), creating a House in Multiple Occupation (HMO), or upgrading the existing mixed-use setup. This presents an appealing investment opportunity for those looking to capitalize on refurbishment and generate income.