- Milkstone Road, Rochdale

TO BE SOLD BY ONLINE AUCTION ON 4TH - 5TH MARCH UNLESS SOLD PRIOR UNDER AUCTION TERMS.

Meavy View, 146–148 Milkstone Road, Rochdale, OL11 1NX

** VIRTUAL VIEWING AVAILABLE **

A substantial former care home offered vacant, providing a unique investment or development opportunity in a well-connected part of Rochdale. The property was previously operated as a retirement home and retains a layout with communal facilities, multiple bathrooms, kitchen, offices, laundry room, lounge and dining room and 30 bedrooms, making it well-suited for a variety of future uses.

There is clear potential for conversion into a large-scale HMO, subject to planning and licensing consents. Based on local rental levels, a fully compliant scheme could achieve an annual income in the region of £200,000 per annum.

We also understand that the property has been approached for potential block lease discussions, presenting an opportunity to secure a possible high-yielding, low-maintenance investment. This is not guaranteed, and prospective purchasers should make their own enquiries and satisfy themselves as to the viability of any such arrangement.

Equally, the building may be suitable for alternative redevelopment. Its scale and footprint suggest it could be reconfigured into self-contained flats or other supported accommodation, subject to the necessary approvals.

It is located close to Rochdale town centre and sits within the established neighbourhood currently benefiting from significant regeneration initiatives, including investment into public spaces, transport corridors and local infrastructure. Rochdale itself is part of Greater Manchester’s wider growth strategy, with the M62 motorway and Metrolink providing excellent connectivity to Manchester city centre and beyond. The location is well served by shops, schools and amenities, while also being within easy reach of employment hubs across the North West. These factors combine to make it an attractive and practical setting for high-yielding rental accommodation or redevelopment, with strong long-term demand drivers for investors.

This is a rare opportunity to secure a freehold block with multiple value-add strategies available, whether as an HMO conversion, apartment development, or alternative use.