available
£599,995
Located on College Street, this commercial property is positioned in the heart of Rotherham city centre, offering high visibility and foot traffic. With full planning permission already granted for nine self-contained flats, this site presents a prime opportunity for substantial development. Additionally, two commercial units on the ground floor add further value to this offering.
The property currently holds a Commercial EPC Rating of C and requires a complete renovation throughout, with estimated refurbishment costs of £400k. Once completed, the estimated end value is projected to reach around £1.2 million. This makes it an attractive proposition for investors looking to capitalise on the growing demand for residential and commercial spaces in central locations.
Rotherham offers a vibrant setting with various amenities and excellent transport links. The city centre location ensures easy access to shops, dining, and public services, making it appealing for future tenants or business occupiers. Don't miss out on this opportunity to invest in a promising development project in a strategic location. Get in touch today to learn more about this rare investment chance.
*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page on our website for more information.
