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Please note that this is an off-market opportunity that is available to qualified buyers only.
Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.
This block of apartments was originally an office building that has been converted into residential dwellings through the permitted development initiative. Located within the town of Wath upon Dearne in Sheffield this four-floor building was constructed in 1998 as an office complex.
The block is situated at the eastern end of the Dearne Valley where much of the new commercial development has taken place. The Dearne Valley was designated as an enterprise zone in 1995. In that time it has been transformed by the creation of 10,000 new jobs occupying a wide range of new commercial developments.
Given the planned regeneration works in the area, the scheme is ideally positioned to benefit from an ever-growing demand for private rental sector (PRS) accommodation.
The developer acquired the site with a view to build good quality and affordable homes for local residents to be able to rent.
The development is due to be completed in Q3 2020, after which point they will let each of the apartments through a lettings business they own under their group of companies. Their intention is to sell the development as an income generating asset, which they have successfully done many times previously to various funds.
The purchase of the development can be structured in a number of ways depending on the preference of the buyer. Please note that there is a freehold premium of £681,000.
Please get in contact with 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.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
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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.
Wath upon Dearne,
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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