Hollowgate House, Hollowgate, Rotherham, S60 2LD

  • Offices
  • 2,433 sq ft
  • For Sale
Hollowgate House, Rotherham, Offices For Sale - WP_20190708_12_06_45_Pro.jpg
Hollowgate House, Rotherham, Offices For Sale - WP_20190708_12_03_44_Pro.jpg
Hollowgate House, Rotherham, Offices For Sale - WP_20190708_12_06_48_Pro.jpg
Hollowgate House, Rotherham, Offices For Sale - WP_20190708_12_04_03_Pro.jpg
Hollowgate House, Rotherham, Offices For Sale - WP_20190708_12_07_22_Pro.jpg
Under offer
Property Type Offices
Availability For Sale
Size 2,433 sq ft
Price Freehold £220,000
Energy Performance Rating This property has been graded as E (101)

Two Storey Offices with Parking

Key Features

  • Two Storey Offices with Parking
  • Currently let to Physio Function
  • Centrally Located
  • Ideal Investment Opportunity

Location

The property is located to the Southern side of Hollowgate Road, approximately 50 yards away from the junction with Moorgate Road on the Southern fringe of Rotherham Town Centre. Moorgate Road gives access to nearby residential areas and the property lies within a quarter of a mile of Rotherham Town Centre. The property affords good access to Rotherham's Outer Ring Road linking to Junction 33 and 34 of the M1 Motorway both being within three miles distant.

The property comprises a detached two storey office building with recently recovered flat roof over.  The roof was recovered by Tuff Roof in 2015 with a 20 year guarantee.  The property is arranged with ground floor reception, amenity area, a series of treatment rooms/offices on the ground floor.  A staircase leads to first floor where there are further offices/treatment rooms and a large open plan office currently used as gymnasium.  The first floor also benefits from its own W.C, kitchenette and amenity space.

The property benefits from predominantly UPVC double glazing. Externally, to the front of the property there is a large surfaced car park providing approximately twelve car parking spaces.

  SQ.M. SQ.FT.
GF - Reception Office, Disabled and Gent's W.C, Four Offices 100.00 1,077

FF - Gent's W.C, Ladies W.C, Kitchen, File Store, Four Private Offices,

One Large Open Plan Office/Gym

125.90 1,356
Total Net Usable Area 226.03  2,433

Services

The offices benefit from all main services being connected.

Lease Terms

The property is currently held on a five year FRI lease to Physio Function from the 1st of August 2017 at a rental of £19,500 per annum exclusive.  Physio Function are a local well established company which have been in occupation since 2012.

Rateable Value

£13,250.

Freehold Asking Price

The property is being sold as a Freehold Investment with the benefit of current income.

Freehold Asking Price - £220,000, representing a gross yield of 8.86%.

VAT

VAT is payable on the rental and freehold purchase price.

File Ref:-  JAC013 11164

Fernie Greaves Chartered Surveyors

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