S62 Lot 16, 17a&17b Broad Street, Parkgate, Rotherham

A mid-terraced building of traditonal construction beneath a pitched roof. The building is arranged as a ground floor restaurant with rear ancillary accommodation and a three bedroom flat at first floor level. The flat is self-contained with its own separate entrance from Broad Street and is arranged as three bedrooms, open plan kitchen/living area, shower room & WC. Externally there is a rear yard area.

17a Restaurant: Let to an individual t/a Parkgate Indian Restaurant for a term of 6 years from 01/062022. (1) There are two guarantors on the lease (refer to legal pack) (2) There is a rent review on 01/06/2025. Rent £12,000 pa.

17b Flat: The flat was previously let at £12,600 per annum (4) The auctioneers have not measured the property. Rent £7,800 pa.

Freehold restaurant/residential investment

Established parade

Includes a 3 bedroom flat

Restaurant let until 2028 with Guarantors

Producing £19,800 per annum

Parkgate is a suburb of Rotherham lying approximately 1.5 miles north of Rotherham town centre. It can be accessed via the A633 and A6123, which in turn provide access to junctions 33 and 34 of the M1 motorway via the A6178 and A630. Rotherham Central railway station provides regional rail services and the area is also served by the Tram Train that links with Parkgate Shopping Centre. Additionally numerous bus routes serve the area.

Broad Street forms part of the A633 with the property forming part of an established parade on the east side of the road near its junction with Lloyd Street. Notable nearby occupiers include Aldi and Iceland.

Rental Income £19,800 pa

Restaurant Let until 2028