Land for sale in Rotherham S60

£225,000 (£1,814,328.03/ac)
Interested in this property? Call +44 114 446 9322 * or Request Details

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Land for sale

0.1 ac*

Property description

Key Points

  • Lloyds bank investment in Rotherham town centre
  • Current income of £20,000 pa
  • Let to Lloyds Bank plc until 24th December 2025
  • Substantial freehold building (5,402 sq ft, 502.04 sq m) which may have future development potential
  • Description

    The property comprises a substantial three storey building over ground, first and second floors. The property is occupied by Lloyds Bank Plc with a large ground floor banking hall with offices, storage and ancillary accommodation above.

    Location

    The property is located fronting Wellgate in Rotherham town centre (South Yorkshire), close to it's junction with High Street and Doncaster Gate. Wellgate is a busy retailing location with numerous shops, cafes, restaurants and takeaways, benefiting as key footfall route into Rotherham town centre. University Centre Rotherham, Rotherham Civic Theatre and various shops and amenities are within a short walking distance from the subject property.

    Availability_Text

    The accommodation comprises the following areas:

    Tenancy

    The entire property is subject to a renewal lease dated 14th June 2023 on the following basis:
    Tenant: Lloyds Bank plc
    Rent: £20,000 pa
    3 year lease from 25th December 2022 until 25th December 2025
    Lease Terms: Fri lease terms

    We understand Lloyds Bank Plc have been in occupation since 1996. Further details are available by request.

    Tenure

    The property is offered for sale on a Freehold basis.

    Price

    £225,000. We are informed that VAT is not payable.

    Interested parties are requested to submit their Best Offer which should be received by Francois Neyerlin by email no later than 5pm on Friday 26th April 2024. Offers should be sent to .The vendor is not obliged to accept any offer submitted or the highest bid. Further information is available by request on the Best Offers format and procedure.

    Identity Checks

    In order to comply with Anti-Money Laundering Legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    SMC Chartered Surveyors, S1 on +44 114 446 9322 * (local rate)

    Contact SMC Chartered Surveyors about this property

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SMC Chartered Surveyors, and do not constitute property particulars. Please contact SMC Chartered Surveyors 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.

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