95-97 Penny Meadow, Ashton-under-Lyne, Lancashire, OL6

Prominent Mixed-Use Investment/Owner-Occupier Opportunity

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An outstanding opportunity to acquire a substantial, fully refurbished mixed-use freehold property in a prime town centre position, offering strong income potential and future development upside.

95–97 Penny Meadow, Ashton-under-Lyne, OL6 6EP & 1 Swan Street, Ashton-under-Lyne, OL6 6EX

High-Yielding Mixed-Use Investment in Prime Regeneration Location
An exceptional opportunity to acquire a fully refurbished mixed-use property located in the heart of Ashton-under-Lyne, benefitting directly from major ongoing town centre regeneration and strong local demand.

This substantial property comprises a ground floor commercial unit, extensive basement, and residential accommodation including a self-contained flat and a large 2-bedroom apartment, offering multiple income streams and significant future growth potential.

The first-floor flat benefits from its own separate address: 1 Swan Street, Ashton-under-Lyne, OL6 6EX, enhancing its independence and lettability.

The entire property has recently undergone a comprehensive programme of renovations, delivering a high-quality, turnkey asset ready for immediate occupation or letting.

Key Investment Highlights
High-yielding asset with potential income circa £40,000 per annum when fully let
Asking price: £499,995
Recently completed refurbishment throughout – over £150,000 invested (new electrics, plumbing, wiring, finishes)
Located within the Ashton Town Centre regeneration zone – major improvements underway immediately behind the property
Prominent high street frontage with strong passing trade
Three colleges nearby, driving consistent footfall and customer demand
High-demand rental location with new businesses and franchises entering the area
Walking distance to Ashton Metrolink, Ashton Arcades, Asda, and IKEA
Positioned within a dense residential catchment area
All elements benefit from separate entrances, allowing independent use without further alteration
Description
The ground floor provides a well-presented and versatile commercial unit, previously used as a dessert/food premises, comprising a spacious open-plan seating/trading area, service counter, kitchen and preparation areas, and ancillary WC facilities. The unit is finished to a high standard and is ready for immediate occupation.

The property benefits from a substantial basement, currently used for storage, offering excellent potential for further commercial use or reconfiguration (subject to planning).

Above, the residential accommodation includes:

A self-contained 1-bedroom flat (with its own address at 1 Swan Street)
A large 2-bedroom apartment, ideal for additional rental income or owner-occupier use
Both residential units are well-presented following refurbishment and offer strong letting appeal in this high-demand area.

Accommodation
Ground Floor: Retail / dining area, kitchen, preparation room, WC
Basement: Extensive storage with potential for alternative use (STP)

Upper Floors:

1-bedroom self-contained flat
Spacious 2-bedroom apartment
Location & Regeneration
The property is situated on Penny Meadow, a busy and well-established commercial location within Ashton town centre.

The area is undergoing significant regeneration as part of Tameside Council’s Ashton Town Centre redevelopment scheme, which includes major public realm improvements, infrastructure upgrades, and investment into the immediate surrounding area. These works are expected to significantly enhance footfall, tenant demand, and long-term capital growth.

Further information on the regeneration can be found here:


In addition, the property benefits from:

Close proximity to Ashton-under-Lyne Metrolink stop
Easy access to major retail destinations including Ashton Arcades, IKEA, and Asda
A strong local customer base driven by nearby colleges and high-density housing
Asset Management & Development Potential
The property offers a range of value-add opportunities, including:

Potential to split the commercial unit into two smaller units (strong demand for smaller retail spaces)
Scope to convert or enhance the basement for additional commercial use (STP)
Opportunity to reconfigure or extend residential accommodation to maximise rental income
Potential to add a third storey (subject to planning permission)
Suitable for a wide range of uses including café, takeaway, dessert bar, salon, clinic, office or convenience retail (STP)
Tenure
Freehold

Investment Summary
A rare opportunity to acquire a turnkey, high-yielding mixed-use asset in a rapidly improving town centre location, combining strong immediate income prospects with significant long-term growth, flexibility, and development potential.

Viewing
Strictly by appointment through the selling agent.

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