Freehold Town Centre Apartment Block Located in Rotherham, South Yorkshire

Freehold Town Centre Apartment Block Located In Rotherham, South Yorkshire
Fully Let Residential Investment
14 Self-Contained Apartments
Passing Rent £109,980 Per Annum (8.8% Gross Yield)
Adjacent Development Site With Planning For 16 Apartments Available Separately

Ref: 3224

Guide Price: £1.25 Million

LOCATION
The Main Street Post Office Apartment Block occupies a central position within Rotherham town centre, forming part of an established mixed-use area comprising residential property, independent retailers, national operators and local amenities. The immediate surroundings support consistent tenant demand, with everyday services, shopping and public transport all within walking distance.
The property benefits from convenient access to the A630 and the wider M1 motorway network and lies approximately 6 miles from Sheffield, 11 miles from Doncaster and 10 miles from Barnsley, providing excellent connectivity across the South Yorkshire region.

DESCRIPTION
Veritas Business Sales are delighted to offer for sale this freehold residential investment comprising 14 self-contained apartments located within Rotherham Town Centre.
The property is fully let and currently generates a passing rental income of £109,980 per annum, reflecting a gross yield of approximately 8.8% at the guide price of £1.25 million. The apartments are occupied under Assured Shorthold Tenancy Agreements, providing a stable and immediate income stream from day one.
Occupying part of the former Main Street Post Office building, the property offers a well-established investment with proven occupancy levels and strong local tenant demand. Current rents are considered reversionary in part, presenting opportunities for future rental growth and enhanced returns through active management.
The property is being offered for sale as part of the vendor's ongoing portfolio restructuring.
In addition, the vendor owns an adjoining development site with planning permission for 16 apartments. This site is not included within the asking price but may be available by separate negotiation.
This opportunity will appeal to investors seeking a fully income-producing asset with asset management potential and future development upside.
Early viewing is strongly recommended.

INVESTMENT SUMMARY
• Freehold Residential Investment
• 14 Self-Contained Apartments
• Fully Let
• Passing Rent £109,980 Per Annum
• Gross Yield 8.8%
• Average Rent £655 PCM
• Reversionary Rental Growth Potential
• Strong Tenant Demand
• Rotherham Town Centre Location
Additional Opportunity: The vendor also owns an adjoining development site with planning consent for the construction of 16 apartments. This site is not included within the asking price but may be available by separate negotiation.


ACCOMMODATION & INCOME PROFILE
The property comprises 14 self-contained apartments arranged as follows:
• 1 Studio Apartment
• 1 One Bedroom Duplex Apartment
• 5 One Bedroom Apartments
• 7 Two Bedroom Apartments
The apartments are fully let and currently generate a combined rental income of £109,980 per annum (£9,165 pcm).
Current rents are considered reversionary in part, providing potential for future rental growth and enhanced returns through active management.

ADDITIONAL DEVELOPMENT OPPORTUNITY (SEPARATE NEGOTIATION)
The vendor also owns an adjoining development site with planning consent for 16 apartments, creating an additional opportunity for investors and developers.

Key Facts:
• Adjacent Development Site
• Planning Ref: RB2024/1757
• Planning Granted For 16 Apartments
• Available By Separate Negotiation
• Potential Package Deal Available

This site does not form part of the £1.25 million asking price but may be acquired separately or as part of a wider transaction, subject to negotiation.
Further information is available upon request.

SERVICES
All mains services are connected, with individual electricity meters to each flat.
A property management company is in place overseeing rent collection and day-to-day management, providing a straightforward and established investment for an incoming purchaser.
Tenants are responsible for their own utilities and council tax.
EPC ratings currently range between C and G. The vendor is actively reviewing improvement works to lower-rated units and further information is available upon request.
EXTERNAL
Public and on-street parking is available within walking distance.
The property benefits from electric heating and UPVC double glazing.