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Our Summary
- FOR SALE - FREEHOLD APARTMENT BLOCK INVESTMENT OPPORTUNITY
- FOR SALE - FREEHOLD APARTMENT BLOCK INVESTMENT OPPORTUNITY SUMMARY - Unbroken Freehold Investment - 6 Self Contained Apartments - Rental Growth Potential - Large Plot - Potential to Add Value INVESTMENT SUMMARY High yielding freehold block of 6 x two-bedroom apartments in a desirable residential area with car parking and large attractive garden area also benefitting from the below: - Generating a combined rental income of £40,600 per annum providing a low average rent of £558 pcm - Excellent rental growth potential - Potential ERV of £48,120 per annum 'as is' - Well located apartments with off-road parking - Spacious, good quality and well-maintained apartments
- - Apartments ranging from one to two bedrooms - Designated parking of at least 1 space per apartment - Apartment sizes range from 42 to 76 Sq M (452 - 818 sq ft) GIA - Large plot - potential to add value STP Asking price is £525,000 reflecting a gross yield of 7
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Description
The property is a freehold apartment block located in Doncaster's Wheatley area, consisting of 6 self-contained apartments with a total Gross Internal Area (GIA) of 351 Sq M (3,776 Sq Ft). Each apartment is equipped with double glazing, electric central heating, and double bedrooms, a living room/kitchen, and a bathroom. The apartments range from 42 to 76 Sq M (452 - 818 sq ft) GIA, with designated parking for at least one space per apartment.
The block is situated on a large plot, offering potential for additional development. The apartments are located in a desirable residential area with access to local amenities, schools, and the Doncaster Royal Infirmary.