Land

Our Summary

• 7% gross (Purchasers to rely on their own calculations) Asset Type: Residential Led Mixed-Use Investment Management: Managed building with day-to-day rent collection in place Opportunity: Residential rents currently below market levels providing immediate uplift potential Description Veritas Business Sales are pleased to offer to the market this mixed-use freehold investment at 29 High Street, Rotherham, comprising of self-contained residential apartments, a two-bedroom cottage and a ground floor retail unit, producing a combined income of £49,140 per annum
• The investment therefore operates as a straightforward income producing asset today, with scope for an incoming owner to improve rents and overall value over time
• The opportunity will appeal to investors seeking a residential-led town centre holding with balanced income and potential for gradual enhancement of returns
• RESIDENTIAL ACCOMMODATION & RENTAL PROFILE Unit Type Current Rent Est Market Rent Potential Uplift 29a 1 Bed £545 £660 £115 29b 1 Bed £600 £660 £60 29c 1 Bed £600 £660 £60 29d 1 Bed £575 £660 £85 Badgers Cottage 2 Bed £775 £875 £100 Current Residential Income: £37,140 per annum Estimated Market Residential Income: £42,180 per annum (approx) Ground Floor Retail Unit (Bar) Rent: £1,000 per month (£12,000 per annum) The unit is currently undergoing fit-out with a new tenant due to take occupation shortly