Property

TO BE SOLD BY ONLINE AUCTION ON 2ND OCTOBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS.

234, Kings Road, Ashton-under-lyne, OL6 8HD

Not inspected by Edward Mellor. An terraced commercial property reported to comprise a ground floor fish & chip shop. Currently let on a full repairing and insuring lease for a term of 10 years from 25th September 2020 at a current rent of £5,200 per annum with a rent review due in 2025.

A fantastic opportunity to acquire a lucrative, hands-off investment in the thriving town of Ashton-under-Lyne. The property boasts a long-standing tenant of 17 years and offers an impressive yield of over 10% based on the current guide price.

Here are a handful of similar properties which have sold close by which highlight the potential:

149, Mossley Road, Ashton-under-lyne, OL6 6NE- Sold - 28/07/2022 £120,000 

112, Queens Road, Ashton-under-lyne, OL6 8EL - Sold - 11/02/2022 £120,000 0.28 mi

It is located in a vibrant mixed-use area, approximately 1 mile from the town centre, surrounded by a variety of other local shops, Asda, the Post Office, Coral and Best One Convenience Store, serving the nearby community.