Units 1-3 26 Warrington Street, 30 Wellington Street, & Flats 1-5, Ashton-Under-Lyne, OL6 6AS

Name: Units 1-3 26 Warrington Street, 30 Wellington Street, & Flats 1-5, Ashton-Under-Lyne, OL6 6AS
Address: ASHTON-UNDER-LYNE

Overview

Investment
Property Type

Description

Location

The property is located on the east side of Warrington Street at its junction with Wellington Street in the heart of Ashton Under Lyne Town Centre. All town shops and amenities are within close proximity. Ashton Metrolink Station is less than 0.5 miles north west of the subject property. Ashton Under Lyne is part of Greater Manchester and situated c 6 miles east of Manchester City Centre.

Ashton was recently granted a £20m government levelling up fund which covers restoring historic buildings, creating new commercial/residential spaces, and improving public infrastructure. Key projects include restoring Ashton Town Hall, redesigning the market square, and improving sustainable transport links.

Ashton Market which is in close proximity to the subject property, is currently undergoing a major regeneration utilising £10.8 million of the government levelling up fund to create a modern, vibrant space. The works are well underway and due to complete imminently.

The property comprises an attractive Grade II Listed former post office building which in recent years has been converted/refurbished to a high standard to provide 2 retail/office units (a single unit and a double unit) and 5 X apartments above (2 x 2 beds and 3 x 1 bed). The two commercial units are accessed from Warrington Street. The apartments have a separate entrance on Wellington Street. In addition, there is basement storage. Externally there is a small service yard to the rear.

RESIDENTIAL TENANTS
Please note the majority of the residential tenants are good long standing tenants and therefore rents are generally historic. There is significant scope to improve the rents in line with market rents. The most recent letting of flat 4 at £700pcm was the first letting carried out in around 6 years.

Please note that whilst the AST's have been signed for c 12-18 months periods the new Renters Right Act came in on 1st May 2026 which allows for tenants to offer two months notice to end the tenancy at any point. Further information available on the Government website.

COMMERCIAL TENANTS
Ladbrokes Betting and Gaming Ltd T/a Coral - Ladbrokes Coral is a major British-based gambling company, merged in 2016 and now owned by Entain PLC. It operates thousands of high-street betting shops and online platforms for sports betting, casino games, and bingo, primarily across the UK, Italy, and Belgium. It has an Experian credit rating of 100 - very low risk.

Power 2 (POWER2 LTD) registered charity number 1099782 - a leading UK youth development charity founded in 2001, dedicated to improving the mental wellbeing, confidence, and educational engagement of children and young people from disadvantaged backgrounds. According to the charity commissions website (for England and Wales) for the financial year ending 31st July 2025 total income was £2,382,536, with an expenditure of £2,347,310.

Summary

Key points

Fully Let Investment - 2 Retail/Office Units and 5 x Apartments above
Producing a current net income of £75,300pa. Reversionary net income of £89,000pa (significant scope to increase residential rents in line with market rents)
Offers in the region of £795,000 which equates to a net initial yield of 9% and reversionary yield of 10.64% allowing for usual purchaser's costs