The property comprises a three storey semi-detached former department store which more recently has been used as a snooker & pool bar on the first nd second floors, and although the ground floor is let to Rotherham College it is currently unused. The building is of two designs, with the older building being of brick external walls beneath a multi pitched slate covered roof. The more modern building which probably dates from the 1960’s is of concrete frame construction with brick, concrete panel and glazed elevations beneath a flat felt covered roof. The ground floor includes a fully glazed shop front which is recessed into the building, and the floors throughout the building are a mix of concrete and timber. The sloping nature of the site allows street level access to both the front of the property at ground floor level and also first floor from the Howard Street elevation.
Location
Rotherham is a major commercial centre within South Yorkshire with a borough population of approximately 250,000 people. It is located 7 miles north-east of Sheffield, 11 miles south-west of Doncaster and 13 miles south of Barnsley. The town has good road communications with Junctions 34 & 35 of the M1 being approximately 2½ miles to the west and Junction 1 of the M18 motorway is approximately 3 miles to the east. The town has a mainline railway station with links to Sheffield and Doncaster, which in turn connects to the main electrified East Coast intercity line. Robin Hood Doncaster Airport is located approximately 19 miles to the east.
The property is situated within the town centre of Rotherham in a secondary location which is close to the pedestrianized retail pitch of High Street and College Street. The property fronts onto Doncaster Gate which is a principal route from the town centre to the residential suburbs in the east. The property also has return frontages to Howard Street and Percy Street and at the rear backs onto Rotherham College of Arts & Technology. There are a variety of other users located close by including Doncaster Gate Hospital, Clifton Medical Centre and the thriving indoor Howard Street Market.
Accommodation
Internally the first and second floors are fitted out as a snooker club together with bar facilities, and the ground, although currently let and income producing is not used by the tenant. It was previously used for retailing purposes.
Terms
We are instructed to seek offers in the region of £400,000 subject to contract. A purchase at this level would reflect a net initial return of 11.33% after allowing for the usual purchaser’s costs at 4.8%.
Specification
- Town centre location
- Adjacent to Rotherham College of Arts and Technology
- Gross internal floor area 17,289 sq ft on three floors
- Let to Rotherham College of Arts and Technology, and a local Snooker Club
- Producing £47,500 pax
- Guide Price £400,000 subject to contract