7 Bed Block Of Apartments House For Sale Shadyside, Doncaster, DN4

£850,000- Block Of Apartments

1 of 8
  • Description
  • Street View
  • Maps
Last Updated: 20th May 2024

Description

Investment Consideration:\r
Gross Initial Yield: 7.49%\r
Rental Income: £63,700 p.a.\r
VAT is NOT applicable to this property\r
Entire block let until 2038. No breaks. Fixed rental uplift of 1.5% annually.\r
Comprises residential block of 7 x 1-bed supported living apartments (Class C3)\r
Situated within 1.1 mile from Doncaster Train Station and Town Centre with retail occupiers nearby including Fish n Chips, Convenience Store, Pharmacy and others.\r
\r
Property Description:\r
Comprises two-storey residential block of 7 x 1-Bed socially rented supported living apartments (Class C3). The property was newly converted in 2022 and benefits from 4 car parking spaces, bike storage, managers offices and large outdoor communal area, providing the following accommodation and dimensions:\r
Ground Floor: 196 sq m (2,109 sq ft)\r
Flat 1: 39 sq m (420 sq ft)\r
Open Plan Studio, Kitchen, Dining, Bathroom\r
Flat 2: 41 sq m (441 sq ft)\r
Open Plan Studio, Kitchen, Dining, Bathroom\r
Flat 3: 49 sq m (527 sq ft)\r
1 Bedroom, Kitchen/Living Room, Bathroom\r
Flat 4: 67 sq m (721 sq ft)\r
1 Bedroom, Kitchen/Living Room, Bathroom\r
First/Second Floor: 204 sq m (2,196 sq ft)\r
Flat 5: 64 sq m (689 sq ft)\r
1 Bedroom, Kitchen/Living Room, Bathroom\r
Flat 6: 65 sq m (700 sq ft)\r
1 Bedroom, Kitchen/Living Room, Bathroom\r
Flat 7: 65 sq m (700 sq ft)\r
1 Bedroom, Kitchen/Living Room, Bathroom\r
2 Offices: 10 sq m (107 sq ft)\r
Total GIA: 400 sq m (4,307 sq ft)\r
\r
Tenancy:\r
The property is at present let to Inicio Group Ltd for a term of 15 Years from 28th June 2023 at a current rent of £63,700 per annum and the lease contains full repairing and insuring covenants. No breaks. Fixed rental uplift of 1.5% annually.\r
\r
Location:\r
Doncaster is a large minster city in south Yorkshire and has a population of over 127,000, but the Metropolitan Borough of Doncaster, which it is part of, has over 300,000. Doncaster has been enjoying some major regeneration projects in recent years, including a new cultural quarter, the train station is being transformed, a new central library and museum are in the works and the popular Lakeside area is being revamped. The property is situated within 1.1 mile from Doncaster Train Station and Town Centre. Occupiers nearby include Fish n Chips, Convenience Store, Pharmacy and others.
Agent Details
Blue Alpine
54 Welbeck Street, London W1G 9XS

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 7 bedroom property. See more properties like this.

See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested