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Summary
- Attractive Office Investment Opportunity
- High Yielding
- Secure income
- Offers in the region of £1,315,000, subject to contract
- 14% net initial yield
Location
Rotherham is an important South Yorkshire town situated approximately 14.5 km (9 miles) north east of Sheffield, 56 km (35 miles) south of Leeds and 70.5 km (44 miles) east of Manchester.
The town benefits from good road communications being strategically located approximately 6.5 km (4 miles) from the intersection between the M1 Motorway and the M18 Motorway. Junction 34 of the M1 Motorway provides access from Rotherham town centre to the motorway network. The A1(M) is approximately 11 km (7 miles) to the east.
In addition, the town is connected to the national railway network with regular daily train services to Sheffield, Leeds and Manchester as well various other surrounding conurbations including Barnsley and Doncaster. Leeds Bradford Airport is approximately 64 km (40 miles) to the north.
Situation
The subject property is situated at the heart of Rotherham’s largest business district, on the established Callflex Business Park, approximately 9.6 km (6 miles) north of the town centre.
Occupiers in the surrounding area include Next, Capita, Cepac, Dearne Valley College.
The park benefits from strong road links with the M1 Motorway some 13 km (8.0 miles) to the west, the A1(M) 11 km (7 miles) to the east and the M18 Motorway 15 km (9 miles) to the south. Regular bus services run from the centre of Rotherham to the business park.
The property occupies a prominent position on Manvers roundabout and is accessed via Golden Smithies Lane.
Local amenities include the Cortonwood Retail Park which is less than a ten-minute drive to the west. Occupiers include B&Q, Matalan, Boots, Next and Morrisons. Waterfront Golf Course and Boat Club are less than five minutes to the north-west.
Description
The property provides a detached office with dedicated car parking configured in an “L” shape. The property has a central core which contains an eight-person passenger lift, stair-wells, toilets and service areas.
The building is of steel-frame construction with cladding/curtain walling beneath a pitched roof. The specification of the office areas includes air conditioning, suspected ceilings with Category II lighting, double glazing and full access raised floors.
We have provided in the data room the Fire Risk Assessment from September 2023 which assesses the risk level as “normal”. We have also provided a General Risk Assessment from September 2023, this containing comment that the property was built post 2000 and therefore asbestos has not been included.
