{"loaderData":{"0-8":{"propertyListing":{"building":{"id":"738301787588305","summary":"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.","archived":false,"description":"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:
•\tFreehold 5 Apartments Producing £41,760 per annum
•\tLand with Planning for 16 Additional Apartments
•\tAlternative Use Leisure or mixed-use, subject to planning
•\tSuitable for investors seeking covered land opportunity or developers requiring income during planning phase.
•\tJoint 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:
•\t1 Studio Apartment
•\t1 One Bedroom Duplex Apartment
•\t3 One Bedroom Apartments
•\t4 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)
•\tExisting residential income providing holding security
•\t5 Additional freehold apartments producing £41,760 per annum
•\tLand with Planning consent for 16 further apartments Planning Ref: RB2024/1757 (Full details available on Rotherham Planning Portal)
•\tIndicative scheme size (6 stories)
•\tPhased implementation achievable
•\tScope to materially increase end value
•\tJoint venture structures considered
•\tPotential 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.

","disclaimer":{"raw":"Disclaimer - Property reference 3224. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by VERITAS BUSINESS SALES LTD, East Midlands. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Freehold Town Centre Apartment Block","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"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":1000000,"displayQualifier":"GUIDE_PRICE","frequency":null,"rentObligation":null},"useClasses":["C2"],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":0,"yearBuilt":null,"yearRenovated":null,"listedBuilding":false,"numberOfFloors":0,"planningPermission":null,"businessForSale":false,"media":{"brochures":[],"photos":[{"uri":"property-photo/d8ce93154/738301787588305/d8ce9315457790d5a89e5d660e6bb6e7.jpeg","description":""},{"uri":"property-photo/db554d54d/738301787588305/db554d54de267e6395ec394c22025f5c.jpeg","description":""},{"uri":"property-photo/f7524c782/738301787588305/f7524c7828ee38dddfccba4f099384f8.jpeg","description":""},{"uri":"property-photo/df27e7791/738301787588305/df27e7791fd89cad64070df276d9942a.jpeg","description":""},{"uri":"property-photo/92072f3d0/738301787588305/92072f3d099363b179bd8ba90deb1f9c.jpeg","description":""},{"uri":"property-photo/9bfa134f7/738301787588305/9bfa134f7b7cff7beb9c217d80c5abf4.jpeg","description":""},{"uri":"property-photo/9333dccd0/738301787588305/9333dccd07fe5a77ddca45826810eb67.jpeg","description":""},{"uri":"property-photo/6998a8652/738301787588305/6998a86527b524955a035516a89e8bdf.jpeg","description":""},{"uri":"property-photo/67c0e7579/738301787588305/67c0e7579aecc1630db526f5366aa1c3.jpeg","description":""},{"uri":"property-photo/7fa7268e5/738301787588305/7fa7268e5055892b5b785088add8a546.jpeg","description":""},{"uri":"property-photo/96f3bfec0/738301787588305/96f3bfec00a2f7bec074d1a528069685.jpeg","description":""},{"uri":"property-photo/3f5c9b075/738301787588305/3f5c9b075e837ea7498ed28b2274f963.jpeg","description":""},{"uri":"property-photo/2f5630a7a/738301787588305/2f5630a7a54f08ef1c06f405c35c0d79.jpeg","description":""},{"uri":"property-photo/82a8b3633/738301787588305/82a8b36338af592318ce029c1e5060ee.jpeg","description":""}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":null,"size":null,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":" Freehold Apartment Block, Rotherham Town Centre.","showMap":true,"postcode":{"incode":"1QA","outcode":"S60"},"streetView":{"latitude":53.429794,"longitude":-1.35753,"heading":-13.727195,"pitch":0,"zoom":1,"showStreetView":true},"latitude":53.429665,"longitude":-1.357713},"nearestStations":[{"distance":0.20949791121131778,"name":"Rotherham Central Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.228937750476023,"name":"Meadowhall South/Tinsley Tram Stop","types":["TRAM"],"unit":"miles"},{"distance":2.502847689063514,"name":"Meadowhall Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"VERITAS BUSINESS SALES LTD, East Midlands","email":null,"profileUrl":"/estate-agents/agent/VERITAS-BUSINESS-SALES-LTD/East-Midlands-261287.html","logo":"/partner-logo/17116409-LOGO-1765974929.jpeg","id":261287,"description":"

Veritas Business sales boasts over 15 years’ experience in Business sales, Acquisitions, and Commercial property sales. Whether you are selling a coffee shop in the Midlands, Public house in Wales or a Hotel in Cornwall we can help you with your exit strategy. We have a network of Consultants across the UK so choosing an agent that understands your business and the benefits of its location, means we can strategically present your concern to a focused audience.

Please contact us for a free and confidential no obligation valuation at a time and date to suit.

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