Rotherham Town Centre, Rotherham

Freehold Town Centre Apartment Block Located in Rotherham, South Yorkshire
9 Apartments With Passing Rent £68,220 (6.8%) Gross Yield
Income Backed Development Opportunity
Additional 5 Apartments + Planning for 16 Apartments By Separate Agreement
Joint Venture Considered
Ref 3224

Guide Price £1 Million

Location
Main Street Post Office Apartment block occupies a central position within Rotherham town centre, forming part of an established mixed-use area comprising residential property, independent retailers, national operators and local amenities. The immediate surroundings support consistent tenant demand, with everyday services, shopping and public transport all within walking distance.
The property benefits from convenient access to the A630 and the wider M1 motorway network, and lies approximately (6 mile) from Sheffield, (11 miles) from Doncaster and (10 miles) from Barnsley, providing connectivity across the South Yorkshire region.

Investment Summary
Tenure: Freehold
Guide Price: £1 million
Location: Rotherham Town Centre, prominent corner site
Asset: Passing rent £68,220 per annum | Approx. 6.8% gross yield
Additional Opportunity by Separate Agreement:
• Freehold 5 Apartments Producing £41,760 per annum
• Land with Planning for 16 Additional Apartments
• Alternative Use Leisure or mixed-use, subject to planning
• Suitable for investors seeking covered land opportunity or developers requiring income during planning phase.
• Joint Venture Considered
Description
Veritas Business Sales is pleased to bring to market the residential investment at 22 Main Street, Rotherham, comprising a block of nine self-contained flats producing a combined income of £68,220 per annum.
The property forms part of the former Main Street Post Office complex, a substantial early 20th century civic building constructed for long-term public service use. Buildings of this type typically benefit from robust construction and adaptable internal layouts, supporting continued residential occupation and future enhancement.
The accommodation is fully let, providing immediate income and holding security, whilst offering asset management potential through rental growth and ongoing improvement. The building is suitable for continued residential use or repositioning, subject to the necessary consents. All units are currently occupied on six-month tenancy agreements, allowing regular rent reviews and incremental increases in line with the Rotherham market. The property therefore functions as a standalone income producing investment irrespective of future development.
In addition to the existing accommodation, the vendor controls further elements within the wider site, including five additional residential units and land with planning consent for the creation of sixteen apartments. This element is available by separate negotiation or potential joint venture structure, allowing an incoming purchaser to secure an income-producing asset whilst unlocking future development value.
The opportunity therefore suits investors seeking a stable residential holding, developers requiring income during a phased scheme, or purchasers looking to reposition the wider site over time.
Early engagement is recommended to discuss structure and acquisition options.

Accommodation & Income Profile
Unit Mix:
• 1 Studio Apartment
• 1 One Bedroom Duplex Apartment
• 3 One Bedroom Apartments
• 4 Two Bedroom Apartments
Current Rent Range
£450 pcm - £850 pcm
Rents considered reversionary
Average Rent
Approximately £631 pcm per unit
(£68,220 per annum combined income)

Future Development Opportunity (Available by Separate Negotiation)
• Existing residential income providing holding security
• 5 Additional freehold apartments producing £41,760 per annum
• Land with Planning consent for 16 further apartments Planning Ref: RB2024/1757 (Full details available on Rotherham Planning Portal)
• Indicative scheme size (6 stories)
• Phased implementation achievable
• Scope to materially increase end value
• Joint venture structures considered
• Potential alternative uses, including leisure or mixed-use (subject to planning)

22 Main Street Apartments – Offered freehold subject to existing tenancies
Services
All mains services are connected, with individual electricity meters to each flat.
A property management company is in place for day-to-day operation, including rent collection and general building management.
Tenants are responsible for their own utilities and council tax.
EPC ratings range from C–G, with lower-rated units currently under review for improvement.

External
Public and on-street parking is available within walking distance.
The property benefits from electric heating and UPVC double glazing.