Opportunity to purchase a 13-unit block in Doncaster generating £112,500rent pa & gross yield of 7.5%
£1,500,000
13-unit Block
VES-DN1-004A
INITIAL INVESTMENT
£434,500
Based on
deposit: £375,000
stamp duty: £45,000
mortgage fees: £1,500
conveyancing fees: £13,000
GROSS RENT
£112,500
GROSS YIELD
7.5%
The block
TENURE
Freehold
NO OF UNITS
13
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
7,545
PRICE SQ FT
£199
Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the blocks individually.
Block information
- Spread over three floors (ground to second floor)
- Comprising of:
- 8 x 1-bed apartments
- 3 x 2-bed apartments
- 2 x commercial units
- EPC ratings B, C & D
Rental information
- Aggregate monthly rental income for apartments: £7,375
- Aggregate monthly rental income for commercial units: £2,000
- Aggregate annual rental income: £112,500
- Aggregate gross yield: 7.5%
Location information
- The property is located in the heart of the city centre
- All amenities on the doorstep
- Doncaster railway station can be reached in less than 10 minutes on foot
- Easy access to the motorway network via the A630
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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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.
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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.
Cleveland Street,
Doncaster,
South Yorkshire,
England,
DN1 3EH
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