Old Street, Ashton-Under-Lyne OL6

Situated in the bustling town centre of Ashton-Under-Lyne, this investment property offers a compelling opportunity for developers looking to maximize their returns. This ten-bedroom building, currently configured to accommodate multiple tenants with five bathrooms and three generous reception areas, is already producing an attractive monthly income of £4,300 from its flats and vacant shop space. The versatile layout includes a ground floor shop that holds potential for future retail opportunities. Currently, there are two three-bedroom flats generating £1,200 each per month and a larger four-bedroom flat yielding £1,350 monthly. With the right renovations and planning permissions, there's a clear pathway to convert this property into a twelve-bedroom House in Multiple Occupation (HMO), significantly increasing rental income potential. The prime location ensures strong demand for rental units, making this property an excellent choice for both seasoned investors and those looking to enter the market. Explore the renovation possibilities of this adaptable space and take advantage of the lucrative rental opportunities it presents.