Opportunity to purchase a 90-unit block in Doncaster generating £452,396 rent pa & gross yield of 6.9%
£6,600,000
90-unit Block
VES-DN1-013
INITIAL INVESTMENT
£1,939,500
Based on
deposit: £1,650,000
stamp duty: £198,000
mortgage fees: £1,500
conveyancing fees: £90,000
GROSS RENT
£452,396
GROSS YIELD
6.9%
The block
TENURE
Freehold
NO OF UNITS
90
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
26,986
PRICE SQ FT
£245
Block information
- Office to residential conversion
- Spread over four floors
- Serviced by two lifts
- The block comprises:
- 14 x 1-bed apartments
- 76 x studio apartments
- Each apartment comes with:
- lounge/kitchen/bedroom
- ensuite shower room
- EPC ratings C
- Council tax band A
Rental information
- The block is fully let, generating:
- Aggregate monthly rental income: £37,699.65
- Aggregate annual rental income: £452,395.80
Available upon request
- EPCs for all units
- Block breakdown
- Full floorplans
Location information
- The property is located in the centre of Doncaster
- All local amenities are just a short walk away
- Doncaster railway station is a 7-minute walk away
- Easy access to the A630, A638 and wider road network
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.
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.
Princegate,
Doncaster,
South Yorkshire,
England,
DN1 3EN
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