CPP disposes of £6.75m retail warehouse in Rotherham
April 19th, 2020
Significant investment into South Yorkshire following purchase.
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 within Parkgate Retail Park in Rotherham.
The retail warehouse, which was purpose built in 2009, has been acquired by an owner occupier.
Located a mile from Rotherham town centre, the site extends to approximately 8 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 commented: “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