Former bank, 38 Corporation Street, Rotherham S60 1NQ

An attractive and substantial stone built detached building dating back to the early 1900s originally as a Bank arranged over three floors in a state of disrepair requiring development and conversion. The existing layout comprises a ground floor which is largely open plan with several annexed meeting rooms. The property benefits from several strong rooms in the basement and has ancillary accommodation throughout the remainder of the property and upper floors. A scheme has been drawn up to for the conversion and development to provide two ground floor commercial units, one of which have a lower ground floor along with a mix of one and two bedroom apartments over the upper floors. We understand that any development may be eligible for local authority grants or even GAP funding, prospective buyers are to carry out their own due diligence and enquiries in this regard.

The building is well located within the heart of the town centre and close by the new Forge Island development, a joint scheme delivered by Rotherham Council and Muse Developments. The development includes a 69-room Travelodge hotel, an 8-screen boutique cinema and a pedestrianised public space including 6 commercial properties providing bar, restaurant and entertainment facilities.

Approximately 798.6 Sq M (955.12 Sq Yds)

Auction Details

The sale of this property will take place on the stated date by way of Online auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• % deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% inc. VAT of the purchase price (subject to a minimum of £2,340 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.