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Doncaster - Freehold Residential Block Investment

For sale: £1,250,000.00|8,504 Sq Ft|Retail, Leisure, Flat, House, Mixed Use, Office, Residential, Other Property Types & Opportunities, Offices

Property details

FOR SALE£1,250,000.00
SIZE8,504 Sq Ft
ADDRESS154 St. Sepulchre Gate West, Doncaster, South Yorkshire, DN1 3AQ
TYPERetail, Leisure, Flat, House, Mixed Use, Office, Residential, Other Property Types & Opportunities, Offices
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON8th May 2024

Description

Investment Consideration:
Current rental income: £82,820 p.a.
Total ERV: £110,520 p.a. GIY: 8.84%
VAT is NOT applicable to this property
Comprises newly converted residential block of 5 apartments and 10-bedroom (12 person) fully licensed HMO
Conversion included significant roof works, new windows, new boilers and full refurbishment of all units/areas
Property benefits from rear yard and ancillary at basement
Total gross internal area of 790 sq m (8,504 sq ft)
Situated within 5 min walk from Doncaster Rail Station providing frequent direct services to London Kings Cross, Manchester, Leeds, Sheffield, York and many more.
The city centre is undergoing a £300m regeneration programme covering retail, leisure and office spaces
Retail occupiers within 5 minute walk include Sainsburys, Greggs, McDonalds, TK Maxx, Burger King and many more.

Property Description:
The property comprises two-storey newly converted to a high standard residential block, consisting of 4 x 1-bed and 1 x 2-Bed Flats at ground floor and 10-bed (12 person) HMO at first floor. The property benefits from rear yard and basement, providing the following accommodation and dimensions:
Ground Floor: 329 sq m (3,541 sq ft)
Flat 1 - 1 bedroom, open plan kitchen/living room, bathroom
Flat 2 - 1 bedroom, open plan kitchen/living room, bathroom
Flat 3 - 2 bedrooms, open plan kitchen/living room, bathroom
Flat 4 - Studio, open plan kitchen/living room, bathroom
Flat 5 - 1 bedroom, open plan kitchen/living room, bathroom
First Floor: 326 sq m (3,510 sq ft)
10 bedrooms (9 en-suite and 1 with private bathroom)
2 Communal kitchens with dining and a separate laundry room
Basement: 135 sq m (1,453 sq ft)
6 ancillary/storage rooms
Total GIA: 790 sq m (8,504 sq ft)

Tenancy:
Flat 1 is at present let on AST to an Individual for a term of 6 months from 15th April 2024 at a current rent of £8,400 per annum.
Flat 2 is at present let on AST to an Individual for a term of 6 months from 18th March 2024 at a current rent of £9,000 per annum.
Flat 3 is at present let on AST to an Individual for a term of 6 months from 27th March 2024 at a current rent of £10,200 per annum.
Flat 4 is at present let on AST to an Individual for a term of 6 months from 15th April 2024 at a current rent of £7,800 per annum.
Flat 5 is at present vacant. ERV: £8,400 per annum.
Room 1 is at present let on AST to an Individual for a term of 6 months from 30th March 2024 at a current rent of £6,720 per annum.
Room 2 is at present vacant. ERV: £6,240 per annum.
Room 3 is at present let on AST to an Individual for a term of 6 months from 18th March 2024 at a current rent of £6,240 per annum.
Room 4 is at present vacant. ERV: £6,720 per annum.
Room 5 is at present let on AST to an Individual for a term of 6 months from 17th April 2024 at a current rent of £7,200 per annum.
Room 6 is at present let on AST to an Individual for a term of 6 months from 21st March 2024 at a current rent of £7,200 per annum.
Room 7 is at present vacant. ERV: £6,240 per annum.
Room 8 is at present let on AST to an Individual for a term of 3 months from 4th April 2024 at a current rent of £6,720 per annum.
Room 9 is at present let on AST to an Individual for a term of 6 months from 1st May 2024 at a current rent of £6,720 per annum.
Room 10 is at present let on AST to an Individual for a term of 6 months from 18th March 2024 at a current rent of £6,720 per annum.

Location:
Doncaster is the administrative centre of the larger City of Doncaster and is the second largest settlement in South Yorkshire after Sheffield. The property is situated within 5 min walk from Doncaster Rail Station providing frequent direct services to London Kings Cross, Manchester, Leeds, Sheffield, York and many more. The city centre is undergoing a £300m regeneration programme covering retail, leisure and office spaces. Retail occupiers within 5-minute walk include Sainsburys, Greggs, McDonalds, TK Maxx, and Burger King, amongst many more.

Location

marker
Location: 154 St. Sepulchre Gate West, Doncaster, South Yorkshire, DN1 3AQ

Doncaster (0.1 miles)

Bentley (South Yorks) (1.8 miles)

Kirk Sandall (3.9 miles)

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