This property in Ashton-Under-Lyne offers a unique investment opportunity, ideal for developers and investors looking to enhance their portfolio. Currently configured as a ten-bedroom building with a ground floor shop, it benefits from an active income stream of £4,300 per month from its fully occupied flats and retail space. The layout includes three reception rooms and five bathrooms across the premises, showcasing significant potential for conversion. Notably, the vacant ground floor shop provides an additional avenue for creative development.
The existing structure allows for the possibility of transforming it into a twelve-bedroom House in Multiple Occupation (HMO), pending necessary planning permissions and licensing. Such a conversion could substantially increase rental yields, presenting a highly attractive prospect in the current market.
Located centrally with access to excellent transport links and local amenities, this property is well-positioned to meet the demand for rental housing in this vibrant area. This opportunity should not be overlooked by those seeking both immediate cash flow and long-term value enhancement through strategic renovation.
