Investment-Development Site 10 a High Street, Wath Upon Dearne, S63 7QG

The property comprises a brick built, two storey semi-detached property beneath pitched tiled roof. The property previously formed part of the attached Red Lion public house but now comprises a ground floor betting shop and a first floor space, previously utilised as a function suite for the pub.

The ground floor has a total floor area of c. 1,109 sq ft (including staff and customer W.C.s). The ground floor has planning permission for licensed betting office and/or adult gaming centre or a use falling within Class A1 or A2 of the Town and Country Planning (Use Classes) Order 1987 as is applied at 31 August 2020.

The ground floor is currently let to Ladbrokes Betting and Gaming Limited. A new 5 year lease has been agreed, commencing 1st January 2025 at an annual rent of £9,338 per annum. The lease agreement contains a tenant break option at 31 December 2027 (tenant must give not less than 6 months notice).

The upper floor consists of a space formally used as a function room by the adjacent pub.  This currently unused space has the benefit of planning permission to convert to two one-bedroom flats.

The application for Planning Permission for the development was granted conditionally on 27 September 2022 by Rotherham Metropolitan Borough Council - Reference : RB2022/0963.