Freehold Live Events Venue Located in Rotherham, South Yorkshire

Freehold or Leasehold Live Events Venue
Located in Rotherham, South Yorkshire
Capacity: 1,200
Size: 12,000 sq ft
Capital Investment: £1.8m refurbishment
Forecast turnover: £2m
Ref 3215

Freehold Guide Price £2.5 Million
Leasehold Price £150,000

Location
The Empire Theatre occupies a prominent corner position at the junction of High Street, Westgate and Ship Hill in Rotherham town centre, benefitting from excellent visibility and a strong presence within the town’s leisure and evening economy. The surrounding area comprises a mix of residential accommodation, independent and national occupiers, offices and local amenities, supporting sustained daytime and evening activity.
The property is well connected, with convenient access to the A630 and the wider M1 motorway network, and is located approximately 6 miles from Sheffield, 11 miles from Doncaster and 10 miles from Barnsley. The venue therefore serves not only Rotherham but also the wider Sheffield City Region catchment of approximately 1.5 million people, providing access to a broad regional audience across South Yorkshire.

Investment Summary
Asset: Freehold live events and venue hire business
Would Suit: Experienced leisure operators, investors, or groups seeking a scalable regional venue
Location: Rotherham Town Centre, prominent corner site
Size: Approx. 12,000 sq ft (1,115 sq m)
Capacity: Up to 1,200 (configuration dependent)
Capital Invested: In excess of £1.8 million (vendor)
Trading Status: Operational, reopened November 2025
Forecast Turnover: In excess of £2 million
Tenure: Freehold (Not Listed) Guide Price: £2.5 million
Tenure: Leasehold Purchase Price £150,000 Annual Rent of £150,000 per annum
Development Potential: Subject to the usual consents
Alternative Use Potential: Leisure or mixed-use, subject to planning
The business has been structured to operate without reliance on daytime footfall.

Description
Veritas Business Sales is pleased to bring to market an opportunity to acquire either the freehold interest or the leasehold going concern of the Empire Theatre, a landmark live events and entertainment venue positioned in the heart of Rotherham town centre.

The property provides a fully refurbished, large-scale auditorium arranged over three principal levels with a capacity of approximately 1,200, offering exceptional flexibility for live music, ticketed events, comedy shows, corporate functions and private hire.

The current owner acquired the property in 2023 in a derelict condition and has since invested in excess of £1.8 million in a comprehensive refurbishment programme. The venue now benefits from high-spec finishes throughout, including two fully fitted bars, modern customer facilities, professional stage infrastructure, sound and lighting systems, and upgraded back-of-house areas designed for efficient event operation.

The venue reopened in November 2025 and has already established direct promoter relationships, with ticketing operated via Skiddle and forward bookings secured for 2026. These bookings support a forecast turnover in excess of £2 million, generated through ticketed live events, venue hire and bar revenues retained by the operator.

The opportunity is available either as a freehold acquisition, offering investors a substantial leisure asset with development potential (subject to consents), or as a leasehold going concern, allowing an operator to take control of a fully fitted venue with early trading momentum and future growth potential.

Additional opportunities exist to further enhance the venue, including activation of under-utilised areas within the building and the creation of an outdoor terrace fronting Ship Hill.

The venue occupies a strategic position within the South Yorkshire live entertainment circuit, serving the wider Sheffield City Region with a population of approximately 1.5 million people. With a capacity of around 1,200, the Empire Theatre sits within a key mid-sized venue bracket that is in consistent demand from touring artists, promoters and event organisers seeking locations between smaller club venues and large arena-scale events.

This offers an opportunity to acquire a restored, income-generating live events venue with early trading momentum and clear growth potential. Opportunities of this scale, condition and positioning rarely come to market, and as such an early viewing is strongly advised.



Leasehold Opportunity
Premium: £150,000
Rent: £150,000 per annum
Lease: New lease to be granted (terms to be agreed)
Business Rates: T.B.C

Services
We understand that all mains services are connected to the premises, including gas electricity and a three-phase electric power supply.

External
Nearby public and on-street parking available within walking distance.

The property benefits from air conditioning & heating and part UPVC double glazing.