This commercial property is strategically situated on College Street, right in the bustling core of Rotherham city centre. Its location ensures high visibility and consistent foot traffic, making it an ideal site for redevelopment. With full planning permission already secured for the construction of nine self-contained flats, this property presents a compelling opportunity for significant residential development.
The ground floor features two commercial units, adding another layer of potential to the investment. The building currently has a Commercial EPC Rating of C but will require extensive renovations throughout. Estimated refurbishment costs are around £400,000. Once revitalized, the projected end value is approximately £1.2 million, indicating strong potential returns for investors interested in capitalizing on the demand for both residential and commercial properties in central areas.
Rotherham itself benefits from a vibrant community with diverse amenities and robust transport links, enhancing its attractiveness to future residents and businesses alike. The property's central location allows easy access to shops, dining options, and public services, which are essential factors that could appeal to prospective tenants or business operators.
This property represents not just a purchase but an investment in a promising development project within a strategic urban locale. It offers potential investors the chance to transform an existing structure into valuable living and commercial spaces as part of Rotherham's evolving landscape.
