Sandygate, Rotherham, S63
- PROPERTY TYPE
Commercial Property
- SIZE
2,551 sq ft
237 sq m
Key features
- Mixed Use Building
- 7 Fully Let Apartments
- Commercial unit with good rent
- Combined Rental Income £98,361.24 PER ANNUM
- Excellent opportunity
Description
Established Restaurant & Seven Fully Let Two-Bedroom Apartments
We are absolutely delighted to present to the market this outstanding mixed-use investment opportunity, combining an established commercial restaurant premises with seven fully let residential apartments, all within one substantial building in the highly regarded Wath upon Dearne – historically known as “The Queen of Villages.”
Offering an attractive combination of commercial and residential rental income, this is a rare opportunity for an investor seeking an established income-producing asset with the added reassurance of the residential tenancies currently secured until 2030.
THE COMMERCIAL PREMISES
Occupying the ground floor is a popular and well-established restaurant, providing generous and versatile accommodation designed for a substantial hospitality operation.
The premises include large commercial kitchens, bar facilities, spacious contemporary dining areas and a separate private dining room, ideal for intimate dinner parties, celebrations and private functions.
Over the years, the restaurant has welcomed a number of notable guests, with previous diners reported to include Jamie Oliver, Darren Day, boxing legend Sir Henry Cooper and former England rugby international and commentator Brian Moore – testament to the restaurant's long-standing profile and reputation.
The restaurant is currently producing a rental income of approximately:
£3,800 PCM including VAT
£45,600 per annum including VAT
THE RESIDENTIAL INVESTMENT
Situated above the restaurant are seven two-bedroom apartments, providing an excellent residential investment element to the property.
All seven apartments are fully let, with the current rental arrangements secured until 2030, providing an incoming purchaser with an established residential income stream from completion.
Each apartment currently achieves:
£628.11 PCM
£7,537.32 per annum
Across all seven apartments, this equates to:
£4396.77 PCM
£52,761.24 per annum
COMBINED RENTAL INCOME
Based upon the rental figures supplied, the property currently generates a combined gross rental income of approximately:
£8196.77 PER CALENDAR MONTH
£98,361.24 PER ANNUM
The above figures are gross and before costs. The restaurant rental figure is stated inclusive of VAT.
This combination of seven residential units and an established commercial tenant creates an especially interesting proposition for investors looking to diversify rental income within a single freehold investment.
WATH UPON DEARNE – “THE QUEEN OF VILLAGES”
Steeped in history and character, Wath upon Dearne can trace its origins back centuries and is traditionally referred to as “The Queen of Villages.”
The area has a fascinating industrial and social heritage, encompassing its historic market, former racecourse, pottery at Newhill and its important association with the South Yorkshire coal-mining industry.
Today, Wath upon Dearne has evolved into a thriving and increasingly popular residential and commercial location. Significant regeneration has taken place across the wider area, including new housing developments on reclaimed land together with substantial employment and distribution facilities within the surrounding Dearne Valley and Manvers area.
The combination of employment opportunities, established amenities, education and continuing residential development has helped make Wath an attractive location in which to live, work and invest.
A THRIVING COMMUNITY
Wath upon Dearne retains a particularly strong sense of community and is home to the renowned Wath Festival, traditionally held around the May Bank Holiday.
The long-established festival brings together music, arts and traditional entertainment, with events including performances from the famous Wath Morris and Sword Dancers, street entertainment, workshops, children's activities and the traditional Saturday parade.
One of the area's most distinctive traditions takes place at St James' Church, where bread buns are thrown from the church tower as part of the festival celebrations.
Further performances and community events are held at Montgomery Hall and other venues throughout the area.
EDUCATION
Wath upon Dearne is well served by educational facilities, with a selection of primary and secondary schools together with further education provision in the wider area.
Local schools include Our Lady and St Joseph's Catholic Primary School, Wath Central Primary School, Wath Church of England Primary School and Wath Victoria Primary School.
Secondary education includes Saint Pius X Catholic High School and the larger Wath Academy, which also incorporates sixth-form provision.
The wider area is additionally served by Dearne Valley College, providing further education facilities from its Manvers campus.
A RARE INVESTMENT OPPORTUNITY
Properties offering this combination of established commercial premises, seven residential apartments and substantial existing rental income are rarely available to the open market.
With the residential accommodation fully occupied, rental arrangements currently secured until 2030 and an established restaurant occupying the ground floor, this represents an exciting opportunity to acquire a substantial mixed-use investment in one of the Dearne Valley's best-known communities.
INVESTMENT AT A GLANCE
Substantial mixed-use investment property
Established ground-floor restaurant
Large commercial kitchens and bar
Spacious restaurant and dining areas
Separate private dining room
Seven two-bedroom apartments
All seven apartments currently fully let
Residential rental arrangements secured until 2030
Residential income: approximately £52,761.24 per annum
Restaurant rent: approximately £45,600 per annum including VAT
Combined gross rental income: approximately £98,361.24 per annum
Prominent location within Wath upon Dearne
Rare opportunity for commercial and residential income from a single investment
Early enquiries are strongly recommended for this exceptional and rarely available investment opportunity.
Energy Performance Certificates
EPC 1Sandygate, Rotherham, S63
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bolton-on-Dearne Station1.7 miles
- Swinton (S. Yorks.) Station1.8 miles
- Mexborough Station2.3 miles
Notes
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