Retail premises for sale in Howard Street, Rotherham S60
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Prominently located in Rotherham town centre
- Multi-let shopping arcade providing 21 units (5 of which are double units)
- Approx. Gia Total Floor Area 27,675 sq. Ft. (2,571 sq. M.)
- Asset management opportunity to Create Additional Letting Space for 14 New Units
- Current Gross Rental Income of £119,100 per annum on Ground Floor alone
- Freehold
- Suitable for a Bar/Conversion into Residential STP
- Road connectivity to Sheffield, Doncaster, Wakefield and Leeds
Property description
This attractive Grade II listed property is arranged over two floors to provide a traditional shopping arcade with a periodic facade. Comprising of fifteen retail units on the ground floor (five of which are double units) and all leased and generating a gross rental income of £119,100 p.a.
Asset Management Opportunity:
There is potential to create additional letting space for a further fourteen units on the upper floor and to generate an additional estimated rental income of over £110,000 p.a.
The building extends approximately 26,675 square feet (2,571 sq. M.) and is directly adjacent to Effingham Square with two access points creating a walk-through and providing good access to bus and rail links plus a high level of passing footfall.
In addition, the property also benefits from a loading bay area fronting Frederick Street.
Location:
Rotherham, with a population of some 255,000, is one of the major commercial centres of South Yorkshire, located a short distance from the M1 (Junctions 33 and 34) and M18 (Junction 1), and about 6 miles north-east of Sheffield, enjoying regular rail services.
This attractive property comprises a traditional shopping arcade on the north side of Howard Street in the pedestrianised section of Rotherham town centre. The arcade benefits from frontage to both Effingham Street and Frederick Street. Rotherham Central Rail Station is some 0.2 miles west of the property.
Occupiers close by include Superdrug, Argos, Boots, NatWest and Halifax amongst many others.
Tenure: Freehold
Purchase Price: Offers in excess of £1,500,000.
Energy Performance Certificate: Not applicable as the property is a Grade II.
Rateable Value:
For information on rates please visit .
Services: All mains services available to the property. Electricity, gas, water and drainage.
Legal Fees: The purchaser will be responsible for the vendors legal expenses, please call to discuss.
Anti-Money Laundering:
In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.
Viewing: Please contact sole agents Portfolio Properties.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Portfolio Properties, OL9 on +44 161 937 5982 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Portfolio Properties, and do not constitute property particulars. Please contact Portfolio Properties for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.