Doncaster, DN11 8FS | Investment Property for Sale | VES-DN11-001

Opportunity to purchase a 94 unit residential block in Doncaster

£8,305,000

94-unit Block

VES-DN11-001

INITIAL INVESTMENT

£2,420,900

Based on

deposit: £2,076,250

stamp duty: £249,150

mortgage fees: £1,500

conveyancing fees: £94,000

GROSS RENT

£643,200

GROSS YIELD

7.7%

ADD TO FAVOURITES

The block

TENURE

Leasehold

NO OF UNITS

94

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

41,175

PRICE SQ FT

£202

GROUND RENT

£23,500

SERVICE CHARGE

£56,400

The purchase of the development can be structured in a number of ways depending on the preference of the buyer.

Block information

  • Converted office to apartment block
  • Works completed in Q1 2021
  • Freehold for sale for £587,500
  • 94 brand new apartments arranged over 3 floors (ground to 2nd floor)
  • The block comprises:
    • 6 x studios (estimated size of 225 to 430 sqft)
    • 63 x 1-bed apartments (estimated size of 260 to 600 sqft)
    • 25 x 2-bed apartments (estimated size of 390 to 670 sqft)
  • Each apartment comes with:
    • Open plan kitchen/living room
    • Fully fitted kitchen and appliances
    • Shower room
  • There is external parking for all apartments
  • Lift access to all floors
  • EPC ratings C & D

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2019

Rental information

  • The property is 75% let at the time of listing and rents are being achieved at very close to the estimated rental values
  • Aggregate monthly rental income once fully let: £53,600
  • Aggregate annual rental income once fully let: £643,200

Available upon request

  • Block breakdown
  • Leasehold information per unit
  • EPCs for all units

Notes

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

The floorplans are examples of a studio apartment, 1-bed, and a 2-bed apartment in this development. Layout and sizes will vary.

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.

The town 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 town 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 town; 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.

Blyth Road,

Doncaster,

Nottinghamshire,

England,

DN11 8FS

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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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