NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
Please note that this is an off-market opportunity that is available to qualified buyers only.
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Excellent opportunity to acquire an unbroken apartment block, with freehold, located in Wath upon Dearne, Yorkshire.
This four-floor building was constructed in 1998 as an office complex and has been newly converted to a high standard comprising 109 apartments.
Each of the apartments has a shower room, and open plan lounge and kitchen, with high spec fitted units and appliances. The premises provide external parking for all apartments and there is lift access to all floors.
The aggregate estimated rental value is £627,300 pa (£52,275 pcm) with a service charge budget of £87,200 pa.
40 out of 109 apartments are currently let (at the date of listing) and rents are being achieved at very close to the estimated rental values.
The freehold has been appraised at £756,250 based on total ground rent of £27,250 pa and the units being on separate 125-year leases (commencing from 2018).
The property is situated next to the Sheffield University campus for nurses training in Wath upon Dearne, which is located at the eastern end of the Dearne Valley enterprise zone (designated in 1995), where much of the new commercial development has taken place. Since 1995, Dearne Valley has been transformed by the creation of 10,000 new jobs occupying a wide range of new commercial developments.
Wath upon Dearne is a town in the Borough of Rotherham, South Yorkshire. It lies 5 miles north of Rotherham, almost midway between Barnsley and Doncaster and 13 miles from Sheffield. It had a population of 11,816 (per the 2011 census).
Wath upon Dearne is centred on Montgomery Square, where the town's main shops, library and bus station are located. There are several busy high-street pubs in the town centre and a large Tesco Superstore and a smaller Asda Store within walking distance of Montgomery Square. Recently, several very large distribution warehouses for the clothing chain Next have opened and a significant amount of new housing is also being built. Other businesses in the area include Dearne Valley Day Nursery, Morphy Richards Head Office, Natwest, Dearne Valley College and Maplin Head Office.
The property has good road links leading to junction 36 of the M1 to the west (which connects it to Leeds to the north and London to the south) and the A1(M) to the east (which connects it to Newcastle to the North). Mainline rail services are available from nearby Doncaster, whilst Leeds Bradford Airport and Doncaster Airport are within easy motorway drives. It is a 5-minute bus ride to Wath upon Dearne town centre, or a 25-minute walk.
The vendor is seeking offers over £10,161,250 (inclusive of freehold).
Please contact our sales team for further details.
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
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Once described as the Queen of Villages by the poet and journalist James Montgomery, Wath upon Dearne is undergoing a process of regeneration from the inside.
Wath upon Dearne is a town in West Riding of Yorkshire and the Metropolitan Borough of Rotherham, South Yorkshire, England. It lies 5 miles (8 km) north of Rotherham, almost midway between Barnsley and Doncaster and 13 miles from Sheffield. It had a population of 11,816 at the 2011 census.
Wath upon Dearne is centred on Montgomery Square, where the town's main shops, library and bus station are located. There are several busy high-street pubs in the town centre, including Rotherham's first micro-pub specialising in locally brewed real ale.
The town has a small but bustling shopping area,, including amongst others Wath Sports, BARC Animal Rescue Charity Shop and Lilly Pot’s flower shop. There is also a large Tesco Superstore and a smaller Asda Store within walking distance of the Square.
There are four primary schools, two secondary schools and a further education college, Dearne Valley College. Education attracts students from a wider area.
Recently several very large distribution warehouses for the clothing chain Next have opened and a significant amount of new housing is also being built.
Wath upon Dearne is the home to Dearne valley College Campus. Other businesses in the area include Dearne Valley Day Nursery, Morphy Richards Head Office, RBS, Dearne Valley College, Maplin Head Office and a NEXT Distribution centre.
The area has excellent road links which lead to Junction 36 of the M1 to the west which connects it to Leeds in the north and London in the south. Junction 36 of the A1(M) to the east. Mainline rail services are available from nearby Doncaster, whilst Leeds Bradford Airport and Doncaster Airport are within easy motorway drives.
Point of reference - not exact location,
Wath upon Dearne,
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