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Agent's details

Freehold Block of Flats in Doncaster

For sale: £640,000.00|Flat, House, Mixed Use, Other, Residential, Other Property Types & Opportunities

Property details

FOR SALE£640,000.00
ADDRESSStag Inn, 15 Dockin Hill Road, Doncaster, South Yorkshire, DN1 2RD
TYPEFlat, House, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON5th August 2021

Description

This is a fantastic investment opportunity to purchase 6 buy-to-let flats. This is a newly converted block of flats which originally was a public house. The conversion was completed back in 2020. The apartments are currently fully tenanted with working professionals and families. The flats include 5 x 2 bedroom flats, and 1 x 1 bedroom flat. There is also a fitted security system in place with CCTV cameras across the development. The total Gross Income is £47,100 per annum and the Gross Yield is 7.30%.

Flat 1 - 639. 59 sq ft (59.42 sq m)

Flat 2 - 593.66 sq ft (55.15 sq m)

Flat 3 - 396.89 sq ft (36.87 sq m)

Flat 4 - 589.53 sq ft (54.79 sq m)

Flat 5 - 555.85 sq ft (51.64 sq m)

Flat 6 - 689.03 sq ft (64.01 sq m)

In addition, the development has an external Garage which has the ability to bring in a further £350 per calendar month (this is based on similar rentals in the area). An extra stream of revenue is also the fitted solar panels which bring in a further £350 per calendar month.

Situated on Dockin Hill Road, in Doncaster the property is well located to the city centre (0.5 miles away) and close to all local amenities and transport links. The local Aldi is a short 3-minute walk away (0.2 miles). The local train station is Doncaster Station which is 0.7 miles away (15-minute walk). The flats are also closeby to local schools including; Townfield Primary school (0.5 miles), Doncaster College (0.3 miles away), and Hall Cross Academy (0.5 miles away).

Income;

Flat 1 - £577 / Flat 2 - £575 / Flat 3 - £500 / Flat 4 - £550 /

Flat 5 - £550 / Flat 6 - £575

*+ Solar panels - £350

+ Garage Storage Potential - £250

Total ; £3,925 PCM / £47,100 PA

Expenditure;

Management Fee (Estimated) - £166.25 PCM

CCTV £18 PCM

Total; £84.25 PCM / £2,211 PA

Gross Yield: 7.30%

Buyer Fee: 2.00% + VAT

Location

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Location: Stag Inn, 15 Dockin Hill Road, Doncaster, South Yorkshire, DN1 2RD

Doncaster (0.6 miles)

Bentley (South Yorks) (1.5 miles)

Kirk Sandall (3.2 miles)

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