{"loaderData":{"0-3":{"propertyListing":{"building":{"id":"738301787588305","summary":"FREEHOLD TOWN CENTRE APARTMENT BLOCK LOCATED IN ROTHERHAM, SOUTH YORKSHIRE\nFULLY LET RESIDENTIAL INVESTMENT\n14 SELF-CONTAINED APARTMENTS\nPASSING RENT £109,980 PER ANNUM (8.8% GROSS YIELD)\nADJACENT DEVELOPMENT SITE WITH PLANNING FOR 16 APARTMENTS AVAILABLE SEPARATELY","archived":false,"description":"FREEHOLD TOWN CENTRE APARTMENT BLOCK LOCATED IN ROTHERHAM, SOUTH YORKSHIRE
FULLY LET RESIDENTIAL INVESTMENT
14 SELF-CONTAINED APARTMENTS
PASSING RENT £109,980 PER ANNUM (8.8% GROSS YIELD)
ADJACENT DEVELOPMENT SITE WITH PLANNING FOR 16 APARTMENTS AVAILABLE SEPARATELY

Ref 3224

Guide Price: £1.25 Million

LOCATION
The 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 miles from Sheffield, 11 miles from Doncaster and 10 miles from Barnsley, providing excellent connectivity across the South Yorkshire region.

DESCRIPTION
Veritas Business Sales are delighted to offer for sale this freehold residential investment comprising 14 self-contained apartments located within Rotherham Town Centre.
The property is fully let and currently generates a passing rental income of £109,980 per annum, reflecting a gross yield of approximately 8.8% at the guide price of £1.25 million. The apartments are occupied under Assured Shorthold Tenancy Agreements, providing a stable and immediate income stream from day one.
Occupying part of the former Main Street Post Office building, the property offers a well-established investment with proven occupancy levels and strong local tenant demand.
Current rents are considered reversionary in part, presenting opportunities for future rental growth and enhanced returns through active management.
The property is being offered for sale as part of the vendor's ongoing portfolio restructuring.
In addition, the vendor owns an adjoining development site with planning permission for 16 apartments. This site is not included within the asking price but may be available by separate negotiation.
This opportunity will appeal to investors seeking a fully income-producing asset with asset management potential and future development upside.
Early viewing is strongly recommended.

INVESTMENT SUMMARY
• Freehold Residential Investment
• 14 Self-Contained Apartments
• Fully Let
• Passing Rent £109,980 Per Annum
• Gross Yield 8.8%
• Average Rent £655 PCM
• Reversionary Rental Growth Potential
• Strong Tenant Demand
• Rotherham Town Centre Location
Additional Opportunity: The vendor also owns an adjoining development site with planning consent for the construction of 16 apartments. This site is not included within the asking price but may be available by separate negotiation.

ACCOMMODATION & INCOME PROFILE
The property comprises 14 self-contained apartments arranged as follows:
• 1 Studio Apartment
• 1 One Bedroom Duplex Apartment
• 5 One Bedroom Apartments
• 7 Two Bedroom Apartments

The apartments are fully let and currently generate a combined rental income of £109,980 per annum (£9,165 pcm).
Current rents are considered reversionary in part, providing potential for future rental growth and enhanced returns through active management.

ADDITIONAL DEVELOPMENT OPPORTUNITY (SEPARATE NEGOTIATION)
The vendor also owns an adjoining development site with planning consent for 16 apartments, creating an additional opportunity for investors and developers.

Key Facts:
• Adjacent Development Site
• Planning Ref: RB2024/1757
• Planning Granted For 16 Apartments
• Available By Separate Negotiation
• Potential Package Deal Available

This site does not form part of the £1.25 million asking price but may be acquired separately or as part of a wider transaction, subject to negotiation.
Further information is available upon request.

SERVICES
All mains services are connected, with individual electricity meters to each flat.
A property management company is in place overseeing rent collection and day-to-day management, providing a straightforward and established investment for an incoming purchaser.
Tenants are responsible for their own utilities and council tax.

EPC ratings currently range between C and G. The vendor is actively reviewing improvement works to lower-rated units and further information is available upon request.

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

VIEWINGS
Strictly by appointment only through Veritas Business Sales.
","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":["FULLY LET RESIDENTIAL INVESTMENT","14 SELF-CONTAINED APARTMENTS","PASSING RENT £109,980 PER ANNUM (8.8% GROSS YIELD)","ADJACENT DEVELOPMENT SITE WITH PLANNING FOR 16 APARTMENTS AVAILABLE SEPARATELY"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":1250000,"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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