Old Market, Market Street, Rotherham

£85,000
  • 1 Bedrooms
  • 1 Bathrooms
  • 1 Reception Rooms
  • Ref: 10407
  • Type: Apartment
  • Availability: Sold STC
  • Tenure: Leasehold

Property Features

  • ONE BEDROOM
  • MODERN
  • SPACIOUS
  • FURNITURE NEGOTIABLE
  • ROUGHLY 556 SQ FT
  • POTENTIAL RENT £475
  • 148 YEAR LEASE
  • PARKING CAN BE PURCHASED
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Property Summary

** ONE BEDROOM ** MODERN ** PERFECT FOR OWNER OCCUPIERS ** PARKING CAN BE PURCHASED FOR AN ADDITIONAL PRICE **

Full Details

Zenko Properties would like to present this attractive and contemporary style one bedroom upper floor apartment which forms part of this purpose built block within Rotherham Town centre.

The property is well placed for a host of local amenities and briefly comprises: Entrance Hall with laundry cupboard off, impressive open plan living accommodation including lounge and fitted kitchen areas, floor to ceiling windows off the lounge and bedroom and modern style fully tiled bathroom.

Lounge Area - With attractive natural wood floor covering and electric panel heater. Double glazed floor to ceiling windows and plenty of natural light.

Fitted Kitchen Area - There are a range of high gloss style wall and base units with complementary work surface and inset sink. Built in electric oven with four ring hob and extractor fan over. Down lighting to the ceiling

Bathroom - With contemporary style suite comprising a panelled bath with shower over and shower screen. Suspended wash hand basin, low flush w/c and extractor fan. Heated towel rail, large mirror and down lighting to the ceiling. Tiling to the walls and floor to complement the bathroom fittings.

Communal Entrance Area - Access to the communal entrance area is via an intercom system with staircase and lift leading to each floor.

Parking can be purchased at £7,500 additional (Can be rented around £40 pcm)

LEASE : 160 YEARS FROM 2007

G.R - £200 per year

S.C - £993 per year (new estimated charges in May 2019)

RENT POTENTIAL : £475

GROSS YIELD WITHOUT PARKING : 6.75%

NEW FORGE ISLAND Substantial investment is planned for Rotherham over the upcoming years. The most significant investment being to create 'Forge Island' located just a stone's throw from the 3 developments referenced. It
says work on the main island and part of the riverside precinct, which is the first phase of the scheme, is expected to begin in October 2019 and be completed within two years.

That will incorporate the central section of the two-and-a-half acre site containing the cinema, hotel and restaurants. Further talks are now set to take place between the council and the developer, with contracts due to be signed shortly.