Property Summary

Mixed-use freehold investment for sale.

Property Type: Offices and Retail.

Address: The Precinct, Corporation Street / Upper Millgate, Rotherham, S60 1NP.

Price: For Sale: £425,000

Floor Area: 9,475ft2 (880.25m2)


Location

“The Precinct” occupies a highly prominent corner position on the junction of Upper Millgate and Corporation Street within the heart of Rotherham town centre. It is easily accessible from both Rotherham bus interchange and the train station. Forge Island is located opposite, which is due for redevelopment to create offices, restaurants and a 7-screen cinema.


Brief Description

The development comprises of 4 main Tenant’s with two units presently vacant and requiring a programme of refurbishment. The top floor provides a former nightclub and may be suitable for conversion to create living accommodation, whilst there is a 3-bedroomed first floor flat that requires refurbishing. The development is approximately 67% let.


Accommodation

Please see the Tenancy Schedule appended to these particulars.


Fixtures & Fittings

The fixtures and fittings mentioned in this brochure will remain available for the benefit of the ingoing occupier; neither the Agent nor their Clients can offer any form of warranty as to their working order, or suitability for any particular purpose.


Services

Mains electricity, gas, water and drainage are understood to be supplied and connected. None of the services have however been tested. We would recommend all interested parties to satisfy themselves as to the suitability and capacity of all services prior to entering into any legal and financial commitment.


Planning

The development contains a number of mixed-use operators which vary from a former nightclub to a bookmakers. We would recommend any seriously interested parties to make all enquiries with the planning department of the Local Borough Council regarding any alternative uses.


Tenancy Schedule

A Tenancy Schedule is appended to these particulars identifying the accommodation and rents passing. The current gross annual rental is £65,325.


Tenure

Freehold

 


Price

£425,000


Energy Performance Certificate

The development contains several different assessments for various units. A copy of the EPC’s are available on request.


VAT

Prices quoted are exclusive of VAT but may be subject to VAT.


Money Laundering

The Money Laundering Regulations currently place a legal requirement on a prospective purchaser to provide two acceptable forms of I.D.


Viewing & Further Details

Viewing and further information is available by contacting the Sole Agent, Burgess Commercial on 01709 721706.


Disclaimer

Nothing in this brochure may be taken as offering any warranty as to the existence, suitability, adequacy or serviceability of any mains or other service, central heating installation, fixture or fitting, plumbing or wiring installation, security system, remedial or treatment work. Measurements are taken by a Disto laser measuring device. We would suggest that purchasers or Tenant’s satisfy themselves as to their accuracy prior to purchase or entering into a Lease.

 

Mixed-use freehold investment for sale.

Property Type: Offices and Retail

The Precinct, Corporation Street / Upper Millgate, Rotherham, S60 1NP.

For Sale: £425,000

Size: 9,475ft2 (880.25m2)

Request more information

or use the details below:

01709 721 706

info@burgesscommercial.co.uk