Summary - Flat 1, 1 Old Cross Street OL6 6HA
1 bed 1 bath Commercial Property
**Standout Features:**
- **Investment Potential:** Dual income streams from two retail shops and two self-contained apartments.
- **Prime Location:** Situated close to shops, restaurants, and public transport.
- **Spacious:** Generous layout with a total of 625 square feet.
- **Low Crime Rate:** Safe environment for both tenants and customers.
- **Market Appeal:** Located in a vibrant, urban area with community amenities.
- **Renovation Needed:** Requires refurbishment for optimal rental income and condition.
This commercial property offers an outstanding investment opportunity in the bustling neighborhood of Ashton-under-Lyne, OL6 6. Comprising two lock-up shops and two spacious two-bedroom apartments, the potential earnings exceed £33,000 per annum when fully let. The property is well-positioned, surrounded by shops, restaurants, and essential services, with excellent transport links including nearby bus and train stations.
The shops provide immediate rental opportunities, with Shop 2 currently vacant and estimated to yield between £6,600 and £7,200 per year. Shop 4 is already tenanted, generating £5,700 PA. Each apartment is generating a comfortable rental of £850 PCM, providing a current robust income stream.
While the property, constructed in the early 20th century, showcases classic period architecture, it does need refurbishment to meet modern standards and maximize rental value. Though it requires work, the low crime rate and fast broadband signal enhance its appeal for future tenants. Seize this chance to invest in a property that not only promises income but also the potential for significant appreciation in a thriving urban community.
Studio flat for sale in Oldham Rd, Ashton Under Lyne, OL6 — £110,000 • 1 bed • 1 bath
4 bedroom house for sale in Cowhill Lane, Ashton-Under-Lyne, OL6 — £240,000 • 4 bed • 2 bath • 2200 ft²
Residential development for sale in Old Street, Ashton-Under-Lyne, OL6 — £375,000 • 10 bed • 5 bath
Commercial property for sale in Newmarket Road, Ashton-under-Lyne, Lancashire, OL7 — £170,000 • 1 bed • 1 bath • 957 ft²
Commercial property for sale in Old Street, Ashton-under-Lyne, Lancashire, OL6 — £130,000 • 1 bed • 1 bath • 1959 ft²
Commercial property for sale in Queens Road, Ashton-under-Lyne, Lancashire, OL6 — £120,000 • 1 bed • 1 bath • 907 ft²
