45A, 45B & 45C Rawmarsh Hill & 2A Netherfield Lane, Parkgate, Rotherham, S62 6DP

  • Investments
  • 5,131 sq ft
  • For Sale
45A, 45B & 45C Rawmarsh Hill & 2A Netherfield Lane, Parkgate, Rotherham, Investments For Sale - WP_20170105_14_18_00_Pro.jpg
Property Type Investments
Availability For Sale
Size 5,131 sq ft
Freehold Price Freehold Asking Price £179,950
Energy Performance Rating Upon enquiry

3 lock up retail shops and workshop accommodation.

Key Features

  • Workshop/storage space with secure yard accessed via Netherfield Lane, which could be suitable for development
  • Current Total Annual Rental Received - £15,250 from the three occupied retail units on Rawmarsh Hill

Location

The property is situated on the junction of Rawmarsh Hill and Netherfield Lane in a busy parade of retail shops in Parkgate, a well populated suburb of Rotherham. The property lies 2.2 miles north east of Rotherham town centre.

The property comprises 3 lock up shops within the multi tenanted investment property. There is a pharmacy, hairdressers and a Pet/printing shop and a workshop/store which may be suitable for development to the rear floor, which is accessed from Netherfield Lane and includes secure yard and garages.  The retail units total 187.62 sq m (2020 sq ft) and the workshop totals 289 sq m (3111 sq ft)

Accommodation

   SQ M SQ FT 
45a Rawmarsh Hill    
Ground Floor Retail Unit    
Sales Area  25.57 275 
Store 11.58 125
W/C - -
45b Rawmarsh Hill    
Ground Floor Retail Unit    
Sales Area 31.27 337
Store 7.96 87
W/C - -
45c Rawmarsh Hill    
Ground & First Floor Retail Units    
Ground Floor    
Sales Area 88.8 956
Store 7.35 79
First Floor    
Staff Rooms 15.09 162
W/C - -
2A Netherfield Lane    

External Storage/Workshops

37 398
Ground Floor    
Workshop 22 237
First Floor    
Storage/Workshop 100 1076
W/C - -
Second Floor (mezzanine)    
Storage 47 506
Cellar 83 893

 

 

Services

We understand that all mains services are connected to the property.

Tenancies

Julie Gibson and Emily Heath occupy 45a Rawmarsh Hill by way of a 3 year lease from 1st March 2018 at a current rent of £3,750 per annum.   Tenant break every 3 months.

Neal Thurman occupies 45b Rawmarsh Hill by way of a 5 year lease, with an option to break on the 1st anniversary, from the 7th February 2019 at a current rent of £4,500 per annum. 

Lloyds Pharmacy occupies 45c Rawmarsh Hill on a 10 year lease, from the 26th July 2018, with an option to break on the 5th anniversary at a rent of £7,000 per annum. 

Tenure

The property is for sale freehold.

Vat

VAT is not payable on the rental and/or other payments detailed above.

However, interested parties are advised to satisfy themselves as to the applicable VAT position, if necessary by taking the appropriate professional advice.

Fernie Greaves Chartered Surveyors

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