There is 1 space available. This measures 17,289 sq ft.
17,289 sq ft
15-21 Doncaster Gate, Rotherham, South Yorkshire, S65 1DE, GB
17,289 sq ft
The investment comprises a fully let property, made up of a ground floor retail unit of 4,637 sq ft, currently let to "Rotherham College of Arts & Technology" expiring 25/09/2016 at £30,000 pa, and a first/second floor snooker club, totalling 12,652 sq ft, which is let to "R & S Winfield" on a three year lease at £17,500 pa.
The total rental income equating to £47,500 pa.
The freehold interest of the property is available at a guide price of £400,000. A purchase at this level would reflect a net initial yield of 11.33% after allowing for purchasers costs at 4.8%.
Property facts for 15-21 Doncaster Gate, Rotherham
The property comprises a three storey semi detached former department store, which has more recently been used as a “Riley’s” Snooker and Pool Bar on the first and second floor, with the ground floor being vacant. The ground floor comprises a large prominently open plan area which has the benefit of entrances to both Doncaster Gate and Howard Street. There is also a full height glazed shop front to the ground floor.
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