52,000 sq ft warehouse is sold off

Property consultants Commercial Property Partners (CPP) have disposed of a modern retail warehouse in Rotherham, on behalf of BMO Real Estate Partners.

The retail warehouse, which was previously occupied by Homebase, comprises approximately 52,000 sq ft and is within Parkgate Retail Park.

The property was purpose built in 2009 and has now been acquired by an owner occupier.

Located a mile from Rotherham town centre, the site extends to about eight acres. The wider estate 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.”