Residential Development Commercial For Auction
Old Street 30-38, Ashton under Lyne, Greater Manchester, OL6

TO BE SOLD BY ONLINE AUCTION ON 8th MARCH 2023.

Site and buildings at 30-38 Old Street, Ashton Under Lyne

Circa 0.4 A site with planning for 49 new build apartments with 13 car parking spaces plus 2 retail units.

Located in the centre of Ashton under Lyne the site currently has a large retail unit with upper floors, warehousing and a large car park to the rear.

The permission, reference number 19/00901/FUL, was passed in December 2021 for the erection of a 4-storey building to provide 2 ground floor retail units and 49 residential apartments, with 13 parking spaces, following the demolition of the existing 2 and 3 storey buildings.

The plans approved have the scheme having 41 x one bedroom apartments, 6 studio apartments and two x 2 bedroom apartments. Rental demand in the town centre is high with an expected rental value per year for the developed apartments of at least £380,000 plus an additional £30,000 for the retail units making the projected annual income far north of £400,000.

All lined plans and drawings are for guidance and identification purposes only, refer to the title plan for accurate boundaries. The site is sold with vacant possession on completion and subject to any authorised or unauthorised use and occupation including unregulated parking and access that may exist.

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