COMMERCIAL INVESTMENT WITH DEVELOPMENT POTENTIAL - £16,800pa Substantial inner terrace retail premises occupying a high profile location in the heart of Parkgate - a busy area to the north west of Rotherham town centre. The accommodation is located over 3 levels and comprises a ground floor outlet let for 5 years from 1st January 2023 at £8,400p and the first floor is also let for 5 years from 1st October 2024, also at £8,400pa. In addition, plans have been drawn up for the use of the first and second floors as 3 residential units and Prior Approval has been granted for change of use from Commercial to Residential. Excellent potential is therefore offered for ongoing investment and future development.

Accommodation

All measurements taken from proposed plans

Ground Floor:	Retail, Office & Kitchen	123.31 Sq M
First Floor:	Snooker Hall (proposed two units)	137 Sq M
Second Floor:	Proposed Residential Unit	85 Sq M
TOTAL:		345.31 Sq M

Approx Site Area

Approx Site Area 280 SqM (334 Sq Yds)

Planning

Prior Approval was granted conditionally by Rotherham MBC on the 25th March 2025 to determine change of use from Use Class E (Commercial Business and & Service) to Use Class C3 (Dwellinghouse).

Tenancy

Property	Term	Rent (pcm)	Rent (pa)
Ground Floor:	5 years from 1st January 2023	£700	£8,400
First Floor:	5 years from 1st October 2024	£700	£8,400
TOTAL:		£1,700	£16,800

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH AUGUST AND CLOSES ON WEDNESDAY 27TH AUGUST.

3. The property is entered in the 2023 Rating List as "Shop and Premises" with a Rateable Value of £13,000. The Rateable Value (RV) is not the amount payable.

4. Energy Performance Certificate = E.