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92 , High Street, Rotherham, S63 9DG

Freehold Commercial Property – Sold Vacant – Planning Permission to Convert First Floor to Residential
Location: 92 High Street, Rotherham, S63 9DG
Property type: Office, Other, Offices, Other Property Types & Opportunities
Tenure type: For Sale Freehold
Tenancy type: Vacant
Size: 1173 Sq Ft
Features
Semi-detached commercial unit
Residential conversion opportunity – upper floors
Planning reference: Barnsley Council -2017/0489
Decision notice – 25 January 2018
Requiring refurbishment
Opportunity to add value
Ground and first floor accommodation
Outside space to the rear
Main road location

Location
This property is located on High Street, off B6098 in Rotherham. The area is well situated to the centre of Goldthorpe, which can be reached via Straight Lane and the B6098 within just seven minutes. There are also bus links that run in to and out of the town centre, which the property has close access to.
Rotherham is a large town in South Yorkshire. It is located under 10 miles north east of Sheffield, 12 miles south east of Barnsley and approximately 19 miles south west of Doncaster. Good road links include A629, M1 and M18 motorway.

Description
• Guide Price: £40,000+
• Freehold commercial property – Sold Vacant
• Residential conversion opportunity – upper floors
• Planning reference: Barnsley Council -2017/0489
This property is currently set out as office space to the ground and first floors, however planning permission was granted in January 2018 for conversion of the upper floors to residential. There is newly fitted laminate flooring to the upstairs accommodation.
Before securing tenants for the property, to achieve its full rental income potential, a programme of refurbishment and modernisation is required.
Externally, the property has a garden to the rear and benefits on street parking. There is also an outbuilding to the rear of the property which we are advised was previously used as a workshop.

Accommodation
Total – 109 m2 (1,173 square feet)
(Taken from the EPC).
Please note we have not inspected this property.

Services
We understand the property has mains gas, electricity, water and drainage. We are advised by the vendor the property had new gas central heating implemented last year and electrical rewiring this year. Interested parties should carry out their own investigations.

Tenure
Freehold

Development Potential / Investment Analysis
This property is currently vacant and requires work before new tenants are secured. Planning application reference number with Barnsley Council is 2017/0489. Once the upper floors are converted to residential, and the ground floor has been refurbished, we consider the property will achieve a total rental income in the region of £8,000 per annum, which reflects a gross yield of 16%, before accounting for building work and purchaser’s costs.

Guide Price
£40,000+

Buyer’s Premium
2% (Min £3,600) inc. VAT.

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