Sold

Rotherham – Busy Covered Shopping Arcade & Parade

College Walk Shopping Centre, Rotherham, S60 1QB

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold

Income

£537,750 pa

Description

  • Busy covered shopping arcade and parade in the heart of Rotherham.
  • Rotherham is a historic market town in South Yorkshire.
  • Acts as the primary thoroughfare between the newly redeveloped transport interchange and Rotherham town centre.
  • First time on the market since it was developed in 1995.
  • Multi-let property with 18 well configured retail units producing a total passing rent of £537,750 pa.
    Freehold.
  • Offers sought in the region of £4,000,000 subject to property and exclusive of VAT. A purchase at this level would reflect an attractive net initial yield of 12.62% and a reversionary yield of 13.32% assuming purchaser’s costs of 6.54%.