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16-20 College St 8,872 sq ft Retail Property Rotherham S65 1AG £550,000 (£61.99/sq ft) 5.45% Net Initial Yield
Investment Highlights
- Mixed-use investment and development opportunity in Rotherham city centre.
- Existing commercial income of £30,000 per annum secured on a new 5-year FRI lease.
- Full planning permission granted for 9 self-contained residential flats.
Executive Summary
Investment and development opportunity offered for sale at Offers In The Region Of £550,000. The property benefits from an existing rental income of £30,000 per annum from a ground floor commercial unit let on a 5-year FRI lease, with additional income potential from a second vacant commercial unit. Full planning permission has been granted for nine self-contained residential flats.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
8,872 sq ft
Costar Property Class
B
Year Built
1890
Price
£550,000
Price per sq ft
£61.99
Yield
5.45%
NOI
£30,000
Tenancy
Single
Number of Floors
4
Plot ratio
2.26
Total Plot Size
0.09 ac
Frontage
104 ft on College Street
Amenities
- EPC - D
- Storage Space
1 1
Nearby Major Retailers
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16-20 College St
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