Freehold Town Centre Apartment Block Located in Rotherham, South Yorkshire. 9 Apartments With Passing Rent £68,220 (6.8%) Gross Yield. Income Backed Development Opportunity. Additional 5 Apartments + Planning for 16 Apartments By Separate Agreement. Joint Venture Considered.
Veritas Business Sales is pleased to bring to market the residential investment at 22 Main Street, Rotherham, comprising a block of nine self-contained flats producing a combined income of £68,220 per annum.
The property forms part of the former Main Street Post Office complex, a substantial early 20th century civic building constructed for long-term public service use. Buildings of this type typically benefit from robust construction and adaptable internal layouts, supporting continued residential occupation and future enhancement.
The accommodation is fully let, providing immediate income and holding security, whilst offering asset management potential through rental growth and ongoing improvement. The building is suitable for continued residential use or repositioning, subject to the necessary consents. All units are currently occupied on six-month tenancy agreements, allowing regular rent reviews and incremental increases in line with the Rotherham market. The property therefore functions as a standalone income producing investment irrespective of future development.
In addition to the existing accommodation, the vendor controls further elements within the wider site, including five additional residential units and land with planning consent for the creation of sixteen apartments. This element is available by separate negotiation or potential joint venture structure, allowing an incoming purchaser to secure an income-producing asset whilst unlocking future development value.
The opportunity therefore suits investors seeking a stable residential holding, developers requiring income during a phased scheme, or purchasers looking to reposition the wider site over time.
Early engagement is recommended to discuss structure and acquisition options.
