High yielding multi let residential investment opportunity with 100% occupancy, in an excellent location on the edge of Doncaster Town Centre and Doncaster Train Station.

SUMMARY
• 10 bed HMO investment
• 1 self contained apartment
• FULL planning permission for a further 4 ground floor self contained apartments
• Excellent location close to Doncaster centre & train station
• Total income: £62,899.92 per annum exclusive
• Potential to generate over £85,000 per annum exclusive
• For sale from £400,000 reflecting a gross yield of 15.72% and a reversionary yield of 21.25% (before cost deductions)

DESCRIPTION
High yielding multi let residential investment opportunity with 100% occupancy, in an excellent location on the edge of Doncaster Town Centre and Doncaster Train Station.

The property comprises 10 HMO apartments on the first floor each with their own shower and w/c with two large shared modern kitchenettes.

There is also 1 self contained apartment on the ground floor.

The property was recently converted to a high standard with modern fixtures and fittings and décor, and benefits from the appropriate permissions and licences to operate as a HMO.

The property provides the opportunity to further develop the ground floor space into 4 x 1 bedroom apartments which could add a further circa £23,000 pax on to the gross rental income. Full planning permission has been granted ref 20/03532/COU

The rooms are always in a high demand and the site currently runs at 100% occupancy, with a waiting list.

LOCATION
Excellent location close to Doncaster Town Centre Doncaster Train Station.

ACCOMODATION
10 x 1 bedroom HMO apartments/studios
2 x modern kitchens
1 x self contained ground floor apartment
Total GIA: 637 Sq M / 6,857 Sq Ft

Plans are available within the dataroom

PLANNING
The property benefits from full planning for it’s current use and a further planning for the conversion of the ground floor to form 4 self contained apartments.

Full planning permission has been granted ref 20/03532/COU

HMO Licence Number: LN/201900858 granted for occupancy of 10 households.

TENANCY INFORMATION
Please refer to data room.

Tenancies are held by way of AST agreements.

Tenants are responsible for Council Tax.

Total passing rent is £62,899.92 per annum exclusive
Average running costs per annum: £4,800
Net rent: £58,099.92 per annum exclusive

SERVICES
Mains water, drainage electricity and gas are connected.

EPC
B (83)

TERMS
Freehold available from £400,000

VIEWINGS AND MORE INFORMAITON
Please contact the agent for more information.