Investment Opportunity - Doncaster | | Doncaster South Yorkshire | | Great opportunity to purchase freehold with rental income from restaurant on ground floor and 3 self-contained, en-suite bedsits on first floor. Total income generated circa £25kpa, making return of approx 9%. Property recently refurbished to a high standard, located in popular area of Doncaster. Excellent investment opportunity. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 43781
ADVERT IMPRESSIONS : 19,002 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £275000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION:
The property is located on a well-known street in Doncaster town centre, surrounded by retail outlets, offices and dining establishments.
PROPERTY:
The property has been recently refurbished to a high standard and now offers a modern, Thai restaurant on the ground floor and three, self-contained en-suite bed sits on the first floor.
The restaurant is well known in the area and has been established for a long time. It is simply designed with a contemporary feel throughout. The décor is of a high standard with white walls and dark floors and furniture. The tenants have a 10 year lease which commenced in 2010 and has a 6 year review. They pay a rental income of £13,200 per year.
The bed-sits are located on the first floor and are self-contained with access from the rear of the property. They each have double bed with an en-suite shower room and are suitable for single people and couples alike. There is a communal kitchen which has also been re-fitted and equipped.
The bed sits have only recently been completed but are already occupied and generate an income of £11,700 per year. Prior to completion there was a huge amount of interest from prospective tenants and demand is high for affordable, town centre living accommodation of a good standard.
In our opinion, this is a fantastic opportunity to acquire a very keenly priced freehold property with a good return on investment. The property is of a high standard and is fully occupied.
To the rear of the property there is parking space for 2 vehicles.
TENURE:
This is a freehold opportunity. | | | | | | FOR SALE | | | | | REFERENCE: | HO9419 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
