This property, formerly a public house, is situated in the heart of Rotherham on Bridgegate and represents a unique investment opportunity for developers. With granted planning permission for the conversion into 22 self-contained flats along with two spacious commercial ground floor units, this project holds immense potential for substantial profit upon redevelopment. The planning reference is Rotherham MBC RB2022/1678. However, it is essential to note that the building currently requires extensive refurbishment due to structural instability, which may limit immediate access and necessitate careful planning and management of renovation work.
Positioned in Rotherham City Centre, the site benefits from its proximity to local amenities and transportation links, making it an attractive locale for future tenants and businesses. Upon completion of renovations and development, projections estimate the property could yield a post-development value around £3 million.
Although significant renovations are needed, its location and potential make it a worthwhile consideration for those looking to engage in a revitalizing project in an urban setting.
