Key Features
* Fully tenanted investment portfolio
* 7.61% aggregate gross rental yield
* £26,640 aggregate rent per annum
* 25.48% hpi growth (last 5 years)
* Leasehold (for 5 apartments)
Example Property Features
* Fitted kitchen with integrated appliances
* Open plan kitchen/diner
Full description:
An opportunity to purchase 5 income generating units in a residential apartment block with tenants in place in Doncaster.
Springfield Court is perfectly situated to commute to and from Doncaster city centre, which is only 2.3 miles away. Doncaster is located on the A1 and M18 motorways and is within 20 minutes of the key M1 and M62 motorways. The town is about 17 miles north-east of Sheffield, and is served by an international airport, Doncaster Sheffield Airport in Finningley. Doncaster train station links the town to the major cities of London, York, Leeds, Sheffield, Manchester, Newcastle and further North. The East Coast Main Line is linking England’s and Scotland’s capital and passing directly through Doncaster.
Doncaster is a historic market town and renowned for its horse racing, rich railway heritage and its wealth of Georgian and Regency architecture. Some of the iconic landmarks are Conisbrough Castle, an English Heritage site; Brodsworth Hall; Doncaster Market with some 400 shops, stalls and stands; the Corn Exchange, a Victorian listed house offering a wide range of quality retailers; Doncaster Minster, a Grade 1 listed building standing in the heart of the town; and Cast, Doncaster’s flagship theatre which is home to world-class entertainment.
Furthermore, there are a few large employers based in Doncaster such as Polypipe International, Trackwork and dfs (formerly Northern Upholstery) who still have their head office here and many more.
Portfolio Overview:
* Total No. Of Units: 5 x apartments (5 x 1-bed)
* Total price: £350,000
* Aggregate rent: £2,220 pcm; £26,640 pa
* Tenancy types: ASTs
* Aggregate gross yield: 7.61%
Vesta ref no. VDN59LN-232; VDN59LN-235; VDN59LN-236; VDN59LN-237; VDN59LN-238
Please note that prospective buyers will be required to pay a fee of £900 per unit to Vesta upon acceptance of an offer on this property. The seller of the property will also pay a fee to Vesta.
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