Retail premises for sale in Howard Street, Rotherham S60

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.