FOR SALE BY AUCTION. EXCELLENT DEVELOPMENT OPPORTUNITY. COMMERCIAL BUILDING WITH PLANNING FOR CONVERSION TO A 9 BED HMO. GDV c£555,000. PLANNING DOCUMENTS AND RICS SURVEY AVAIALBLE WITHIN THE LEGAL PACK.
10–12 Oldham Road, Ashton-under-Lyne, Greater Manchester OL6 7ND.
Commercial Building with Planning Consent for Conversion to a 9 Bed HMO (Use Class: Sui Generis) including the provision of a first-floor extension and associated external alterations (Tameside Metropolitan Borough Council 24/00337/FUL).
This property represents an excellent value-add opportunity for developers, landlords and investors looking to create a high-yielding HMO asset in an established residential and commercial location with excellent transport links into Manchester.
A rare opportunity to acquire a substantial freehold commercial property occupying a prominent position on the busy Oldham Road (A627), just a short walk from Ashton-under-Lyne town centre.
The property benefits from planning consent for conversion into a Nine-bedroom House in Multiple Occupation (HMO), offering an excellent opportunity for investors and developers seeking to capitalise on the strong demand for quality shared accommodation within Greater Manchester.
The building offers excellent scope for refurbishment and value enhancement, making it an attractive addition to any investment portfolio.
Location
The property occupies a highly visible position on Oldham Road, one of the principal arterial routes linking Ashton-under-Lyne with Oldham and Manchester.
Ashton-under-Lyne town centre is within walking distance and provides an extensive range of retail, leisure and banking facilities together with Ashton Market.
Transport links are excellent, with:
· Ashton-under-Lyne Bus Station approximately 0.5 miles
· Ashton-under-Lyne Railway Station approximately 0.7 miles
· Ashton Metrolink providing direct services into Manchester City Centre
· Junction 23 of the M60 motorway approximately 3 miles away
· Easy access to the M67 motorway and wider Greater Manchester road network
The location is well positioned to attract working professionals employed throughout Tameside, Oldham and Manchester, together with NHS staff and contractors requiring high-quality accommodation.
Planning
The property is offered with planning consent for conversion to a nine-bedroom HMO and extension and alterations to the first floor (subject to purchaser verification).
Interested parties should make their own enquiries with Tameside Metropolitan Borough Council regarding the planning consent and any associated conditions. The RICS survey has been prepared for the benefit of the vendor.
Investment Potential
HMOs continue to demonstrate resilient demand throughout Greater Manchester due to rising rental values and a shortage of quality shared accommodation.
The property is located within an Article 4 area which restricts further HMO developments. This property already has consent for conversion and change of use which obviates the requirement to apply for planning, thus saving considerable cost.
Based upon current local market evidence, modern ensuite HMO rooms in Ashton-under-Lyne typically achieve:
· £650–£750 PCM per room (inclusive of bills)
Further details available within the legal pack.
Viewings can be arranged for serious prospective purchasers by prior appointment with the auctioneer.
* Plus 3% Buyers Premium plus VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Commercial Building with Planning Approval to convert to 9-Bedroom HMO.
Excellent Investment Opportunity.
Great Location in Ashton-under-Lyne.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
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