Thursday, May 28, 2020

News: Rotherham retail warehouse sold for £6.75m

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Leading property consultants Commercial Property Partners (CPP) has successfully disposed of a modern retail warehouse in Rotherham on behalf of BMO Real Estate Partners.

The retail warehouse previously occupied by Homebase, comprised approximately 52,000 sq ft and is situated at Northfields in Rotherham.

The retail warehouse, which was purpose built in 2009, has been acquired by an owner occupier.

Rothbiz reported in March that expanding car retailer, The Trade Centre Group, had secured the necessary planning approval in order to open a massive new car supermarket on the site.

The proposals would create 100 jobs.

The Welsh company's Rotherham proposals include converting the existing building into a 174 bay indoor showroom together with ancillary spaces which include, a dry valet area, small workshop, offices, staff toilets, customer toilets, baby changing, storage, sign up area and waiting areas.

The plan is to utilise the existing car park and vacant land that was earmarked for further development to create 812 external car sales bays plus staff and customer parking.

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Located a mile from Rotherham town centre, the site extends to approximately 8 acres, the wider Parkgate area is home to a wide selection of retail occupiers including Next, TK Maxx, Holland and Barrett, Frankie & Benny's and Nando's.

Richard Wright, Partner at CPP, said: "This was an exceptionally pleasing result in challenging circumstances following Homebase's CVA.

"The site itself is situated within Rotherham's busiest retail destination and provides a good quality retail warehouse with a very low site cover in a highly prominent position, it therefore lends itself to a variety of commercial uses."

The store was formerly occupied by B&Q having been purposely built for them. It was vacant since June 2016 when B&Q cut back its UK store numbers. Australian retail giant, Wesfarmers, opened and closed a Bunnings Warehouse in the unit in the space of five months before it returned to being a Homebase in 2018.

Trade Centre UK website

Images: CPP

10 comments:

Unknown May 28, 2020 at 7:27 PM  

Just what Rotherham needs another car sales business!!

davd May 28, 2020 at 9:51 PM  

They rip off all customers it is same as yes car credit use to be. we dont need it we need cheaper clothes shops and food shops

Anonymous,  May 28, 2020 at 10:20 PM  

Better than it being an empty warehouse!

Anonymous,  May 28, 2020 at 11:00 PM  

Pretty dull news if you ask me

Unknown May 29, 2020 at 8:59 AM  

Yet again Rotherham council giving in to money and not thinking what the needs of the council tax payers are.
Do we really need yet another car sales!!!!!

Anonymous,  May 29, 2020 at 9:32 AM  

There is up to 100 jobs and a buildings going back into use that would have stood empty due to its size and Rotherham council will be getting money from rates its a win win as far as I see it, if you don't like the company go somewhere else any new business into the town is a result for me.

davd May 29, 2020 at 10:22 AM  

they sell cheap cars add there extra and a repair plan as they dont give warranty on any car you buy so cheap vehicles but pay for a cover plan and fee add to finance if need it
So its a buyer beware place with so many showrooms near there dont see it lasting long at all

Mr me May 29, 2020 at 11:49 AM  

In present climate and inpending economic depression, can't see many buying cars, full stop. Not a business I'd currently like to be in

Unknown May 29, 2020 at 10:07 PM  

WITH THIS VIRUS CAUSING LISS OF CAR SALE'S. AND PEOPLE LOSING JOBS. THERE WILL NOT BE MUCH INCENTIVE TO BUY CARS FOR A YEAR OR SO

Anonymous,  June 1, 2020 at 11:55 PM  

I totally agree. We don't want another rip-off car sale's on our door step. So look elsewhere,as far Away as possible 🤬🤬🤬😠😠👎👎👎👎🤬🤬🤬🤬😠😠😠🤬🤬

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