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Former Department Store For Sale , 15-21 Doncaster Gate, Rotherham, S65 1DE

17,289 Sq Ft / Retail / General Retail

Withdrawn - Last updated: 11 August 2021

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


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