A rare freehold opportunity to purchase a significant town centre building suitable for redevelopment with investment income
The property comprises an extremely prominent Town Centre building which includes the former Revolution Nightclub, Neelagiree Indian Restaurant and Chilliz Hot Food Takeaway.
The substantial property is of traditional construction having a decorative stone façade with ornate detailing and parapet upstands set beneath flat roofs overlaid in felt.
The restaurant has a broad display frontage to Westgate and provides trading accommodation over the ground & first floors which is capable of accommodating c.200 covers. The restaurant is superbly decorated and attractively presented throughout. It has two bar serveries and benefits from a disabled passenger lift between the two trading floors.
The hot food takeaway is a self-contained lock-up unit with glazed display window with inset entrance. There is a central service counter and cooking range together with seating for 8 customers.
The former Revolution Nightclub premises extend throughout the second and third floors of the building. These areas are currently vacant and offer tremendous potential for redevelopment, subject to obtaining the appropriate consents.
Mazappa Chambers is prominently located on the corner of Westgate and Ship Hill within the heart of Rotherham town centre. The premises stand opposite the junction with Main Street being close to Market Place and High Street.
The property is on the fringe of Rotherham’s central pedestrianised retail core, in an area which is associated with leisure, food and drink uses including late night bars and nightclubs.
The premises extend to approximately 1159 sq. m. (12,455 sq. ft.) and briefly comprise the following:
2-4 Ship Hill GF Chilliz Hot Food Takeaway 54 sq m -518 sq ft
2-4 Westgate GF Neelagiree Restaurant 273 sq m - 2,939 sq ft
FF & Mezz Neelagiree Restaurant 242 sq m - 2,648 sq ft
Basement Customer WC’s and storage 112 sq m - 1,205 sq ft
8 Ship Hill 2nd Former Nightclub 379 sq m - 4,090 sq ft
3rd Former offices/ managers flat 97 sq m - 1,055 sq ft
2-4 Westgate is currently let and trading as the Neelagiree Indian Restaurant on a rolling 12 month lease at a discounted rental of £15,600 per annum.
2-4 Ship Hill trades as Chilliz and is subject to a three year lease from 2019 at an annual rental of £13,000 per annum.
The remaining areas are offered with vacant possession.