Doncaster, DN1 3DH | Investment Property for Sale | VES-DN1-011

Opportunity to purchase a 11-unit block in Doncaster generating £81,000 rent pa & gross yield of 6.2%

£1,300,000

11-unit Block

VES-DN1-011

INITIAL INVESTMENT

£440,250

Based on

deposit: £325,000

stamp duty: £112,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£81,000

GROSS YIELD

6.2%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

1

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

4,300

PRICE SQ FT

£302

Block information

  • Spread over 4 floors (ground to third floor)
  • The block comprises 11 units:
    • 2 x studio apartments
    • 9 x 1-bed apartments
  • The apartments range in size from 350 - 500 sqft
  • The block was recently newly refurbished
  • All apartments come fully furnished
  • Tenants pay all bills
  • EPC ratings C, D & E
  • Council tax band A

Rental information

  • At the time of listing all units are fully let
  • Monthly rental income £6,750
  • Annual rental income £81,000

Location information

  • The property is located in the centre of Doncaster
  • All local amenities are within easy reach
  • Doncaster railway station is less than a 5-minute walk away
  • Easy access to the A630 and wider road network

Available upon request

  • Breakdown of the block
  • EPCs for all units
  • Full floorplans
  • Video walkthroughs

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Doncaster, South Yorkshire

Doncaster is located on the A1 and M18 motorways and is within 20 minutes of the key M1 and M62 motorways.

Doncaster has received city status in May 2022 as part of the Queen's Platinum Jubilee and is one of seven new cities in the UK.

The city is about 17 miles north-east of Sheffield, and is served by an international airport, Doncaster Sheffield Airport in Finningley. Doncaster train station links the town to the major cities of London, York, Leeds, Sheffield, Manchester, Newcastle and further North. The East Coast Main Line is linking England’s and Scotland’s capital and passing directly through Doncaster.

Doncaster is a historic market city and renowned for its horse racing, rich railway heritage and its wealth of Georgian and Regency architecture. Some of the iconic landmarks are Conisbrough Castle, an English Heritage site; Brodsworth Hall; Doncaster Market with some 400 shops, stalls and stands; the Corn Exchange, a Victorian listed house offering a wide range of quality retailers; Doncaster Minster, a Grade 1 listed building standing in the heart of the Doncaster; and Cast, Doncaster’s flagship theatre which is home to world-class entertainment.

Furthermore, there are a few large employers based in Doncaster such as Polypipe International, Trackwork and DFS (formerly Northern Upholstery) who still have their head office here and many more.

Spring Gardens,

Doncaster,

South Yorkshire,

England,

DN1 3DH

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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