CirencesterDoncasterLincolnLondonManchesterNottinghamSheffield

Investment - Retail 1,862 SqFt Rotherham

Freehold £250,000

1 Bridgegate, Rotherham, S60 1PH

Key Features

  • Prominent town centre retail investment
  • Let to Ladbrokes Betting & Gaming Ltd
  • Less than 2 minutes from Rotherham interchange
  • 5 years + income remaining

Description

The property comprises a prominent town centre retail investment let to Ladbrokes Betting & Gaming Ltd at a rent of £21,442.50 per annum for 15 years expiring on the 23rd June 2025.

Forming part of a terrace of units, the building has accommodation over ground and first floors although the first floor is presently not in use, nearby occupiers include Yorkshire Bank, TUI, McDonald's, The Cooperative Travel, and two pubs on the opposite side of the road.

A purchase at £250,000 reflects a net initial yield of 8.36% after usual purchasers costs of 2.6%.

Ladbrokes Betting & Gaming Ltd's turnover for the year ending 31st December 2018 was £732,366,000 and total net worth is £730,285,000.

Comments

The property is located on Bridgegate in the centre of Rotherham less than 2 minutes walk from Rotherham Interchange. The train station is within easy reach too being less than 5 minutes walk to the west. Rotherham is a town in South Yorkshire on the River Don located between Sheffield and Doncaster approximately 7 miles to the south west, and 13 miles to the north east respectively. The M1 motorway is easily accessible at junctions 33 to the south and 34 to the west.

The property has a rateable value of £17,000.

Viewings strictly by prior appointment with the agents: Craig Gooddy MRICS Barnsdales - Chartered Surveyors Tel: 01302 308 182 craig@barnsdales.co.uk

Each party is to be responsible for their own legal costs incurred in this transaction.

EPC awaited or not required

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