Opportunity to purchase a 25-unit block in Doncaster generating £141,520 rent pa & gross yield of 9.1%
£1,550,000
25-unit Block
VES-DN4-002A
INITIAL INVESTMENT
£460,500
Based on
deposit: £387,500
stamp duty: £46,500
mortgage fees: £1,500
conveyancing fees: £25,000
GROSS RENT
£141,520
GROSS YIELD
9.1%
The block
TENURE
Freehold
NO OF UNITS
25
TENANCY STATUS
Tenanted
FURNISHED
Yes
TOTAL SQ FT
8,643
PRICE SQ FT
£179
Block information
- Spread over four floors (basement to second floor)
- 25 x studio apartments comprising:
- lounge/kitchen/bedroom
- ensuite shower room
- Shared utility room/kitchen in the basement
- EPC rating E
Rental information
- Aggregate monthly rental income: £11,793.33
- Aggregate annual rental income: £141,520
- Aggregate gross yield: 9.1%
Location information
- The property is located in the Balby area of Doncaster
- Doncaster city centre is just under 2 miles from the property
- There is a bus stop a short walk from the property with regular services into the city centre
- 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
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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.
Low Road,
Doncaster,
South Yorkshire,
England,
DN4 8PP
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