Former Rotherham Homebase warehouse worth £6.75m sold to new owner occupier

A Yorkshire property consultancy has sold a warehouse worth nearly £7m to a new owner.

Commercial Property Partners (CPP), based in Sheffield, has disposed of a £6.75m retail warehouse in Rotherham on behalf of BMO Real Estate Partners.

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

The property, 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 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.”