3 bed Residential Development Commercial For Auction
Tonge Moor Road, Bolton, Greater Manchester, BL2

TO BE SOLD BY ONLINE AUCTION ON 4TH OCTOBER 2023 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

172 Tonge Moor Road, Bolton, BL2 2HN

This Ideal HMO property, originally a three-bedroom mid-terrace, now represents an exciting blank canvas with approved plans to transform it into a highly lucrative 6-bedroom House of Multiple Occupancy (HMO). Situated amidst the vibrant atmosphere of Bolton, this property offers excellent transport connectivity, an abundance of nearby amenities, and access to quality schools, making it an attractive proposition for potential tenants.

The true allure of this property, however, lies in its potential income. Once fully occupied, it is estimated to generate an impressive annual income of approximately £43,200. For those seeking to maximise returns, there is also the opportunity to submit further plans to add a 7th bedroom, further increasing capacity and income potential.

The current owners have already taken significant steps to unlock this property's full potential by obtaining planning permission for a rear extension measuring 6 meters in length and 3.7 meters in width (Reference: 14715/22). This extension has the potential to add substantial value to the property.

Investing in this property on Tonge Moor Road presents an exciting opportunity to create a substantial cash flow, as demonstrated by similar successful properties in the area. With the groundwork already laid through planning permission, you can step into a potentially highly rewarding investment project.

Don't miss out on this exceptional opportunity to expand your property portfolio and capitalize on the promising future prospects of this prime Bolton location. Act now and seize the chance to shape this property into a profitable asset.

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