New Investment Property – Doncaster - Freehold Residential Block of 7 Apartments.

Entire block let until 2038. No breaks. Rental: £63,700 p.a. Yield: 7.49%

148A Shadyside, Hexthorpe, Doncaster DN4 0DG
Freehold Residential Block of 7 Supported Living Apartments Investment

Investment Outline

• Purchase Price: £850,000
• Gross Initial Yield: 7.49%
• Rental Income: £63,700 p.a.
• VAT is NOT applicable to this property
• Entire block let until 2038. No breaks. Fixed rental uplift of 1.5% annually.
• Comprises residential block of 7 x 1-bed supported living apartments (Class C3)
• 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.

Property Description

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:

Ground Floor: 196 sq m (2,109 sq ft)
Flat 1: 39 sq m (420 sq ft)
Open Plan Studio, Kitchen, Dining, Bathroom
Flat 2: 41 sq m (441 sq ft)
Open Plan Studio, Kitchen, Dining, Bathroom
Flat 3: 49 sq m (527 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 4: 67 sq m (721 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom

First/Second Floor: 204 sq m (2,196 sq ft)
Flat 5: 64 sq m (689 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 6: 65 sq m (700 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
Flat 7: 65 sq m (700 sq ft)
1 Bedroom, Kitchen/Living Room, Bathroom
2 Offices: 10 sq m (107 sq ft)

Total GIA: 400 sq m (4,307 sq ft)

Buyers Fees of 1.5%