Overview
- Investment
Description
Location
The property has been extensively converted and refurbished in 2022 and comprises a three storey residential block of 7 socially rented supported living apartments (Class C3) with private car parking, bike storage, managers office with kitchen, refuse area and outdoor communal area. Further photographs and a virtual tour are provided on the PPH website.
Summary
Key points
- A securely let supported living Residential Freehold investment.
- Let until 2038 with no breaks.
- Generating a rental income of £63,700 pa with annual 1.5% fixed rental uplifts.
- Extensively refurbished in 2022.
- Situated approximately 1 mile from Doncaster City Centre and Main train station.
- Purchase price - £795,000, reflecting a net initial yield of 7.6% (allowing for typical purchaser's costs).
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148A Shadyside, Hexthorpe, Doncaster, DN4 0DG
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