Commercial Unit: Shop and Garage

210 Wellgate, Rotherham, S60 2PD

​Purchase price: £350,000

WHY INVEST IN THIS PROPERTY

  • The property comprises of a shop and a garage, both are currently tenanted
  • ​Tenancy for the shop started on 2014 for 15 years
  • ​The garage is occupied privately- an agreement would need to be arranged upon sale
  • ​The shop is an Eastern European delicatessen
  • ​The garage has an MOT station in it
  • ​Total sqft for the shop and garage: ​329.2 sqft
  • ​Freehold
  • ​​​It is conveniently located near restaurants, pubs, and hotels, so there’ll always be passing trade

THE NUMBERS

  • ​Purchase Price: £350,000
  • ​30% deposit: £105,000
  • ​​Legals & stamp duty: £7,000
  • ​Sourcing fee: £5,000 + VAT
  • ​Current Yield: 4.85%
  • ​​Current Rental Income:
  • ​​Shop: £1,416 pcm
  • ​​Garage: £0
  • ​Current Rental Income per Annum: £16,992

Achievable Market Rental Value

  • ​​Achievable Market Rental Income:
  • ​Shop: £1,416 pcm
  • ​​Garage: £600 pcm 
  • ​Total Achievable Market Rental Income per Annum: £24,192
  • ​Potential yield: 6.9%
The potential rental income displayed on this website has been prepared for information purposes only by Redmayne Smith and should not be relied upon as a basis of any contract or commitment. Information contained herein is believed to be correct but cannot be guaranteed. No personal recommendation is being made to you and the past is not necessarily a guide to the future. Purchasers are required to conduct their own due diligence and make their own judgement on the property being offered. Purchasers must verify the property particulars and any speculative information offered. Purchasers are encouraged to perform their own financial and legal assessment of any opportunity prior to making any commitment to participate. In case of queries or doubt you should consult an independent investment adviser.

                                                                                                                                                                

The potential rental income displayed on this website has been prepared for information purposes only by Redmayne Smith and should not be relied upon as a basis of any contract or commitment. Information contained herein is believed to be correct but cannot be guaranteed. No personal recommendation is being made to you and the past is not necessarily a guide to the future. Purchasers are required to conduct their own due diligence and make their own judgement on the property being offered. Purchasers must verify the property particulars and any speculative information offered. Purchasers are encouraged to perform their own financial and legal assessment of any opportunity prior to making any commitment to participate. In case of queries or doubt you should consult an independent investment adviser.