Residential Commercial Building With Rental Income And Accommodation | | Undisclosed South Yorkshire | | SOUTH YORKSHIRE RESIDENTIAL/COMMERCIAL BUILDING WITH RENTAL INCOME AND ACCOMMODATION Superb freehold investment opportunity Part of building let as offices generating £11k per annum Dance studio provides additional income from rentals Overall rental income £27,507 Accommodation comprises elegant 3 bed flat and a 1 bed flat currently used as owners' accom with huge rental potential Super lifestyle opportunity F/H: £549,950 REF: 1272DN | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72782
ADVERT IMPRESSIONS : 11,669 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Investment Properties | | SALE: | Agent Sale | FREEHOLD: | £549950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
In a mainly residential area close to local amenities and racecourse
Only a short distance from central Doncaster approx 5 minute drive
Ample unrestricted street parking
Within an area of considerable regeneration offering excellent potential rental income
15 minute drive to Robin Hood Airport
HISTORY
Originally built as a substantial Edwardian dwelling
Converted to offer rented office space, a dance studio and two self contained flats over a decade ago
Considerable investment in building infrastructure seen during the vendors tenure (10 years)
Now generates rental income, offers a base for vendors business and provides family accommodation
REASON FOR SALE
Retirement and relocation within the area
FINANCIALS
Office space rented as administrative offices for a local charity generating £11,000 per annum
Dance studio rented at £12 per hour with 6 regular repeat bookings and numerous occasional users
Office within dance studio rented at £411 per month
Overall rental income including the dance studio was £21,507 in 2011
PREMISES
A substantial and elegant three storey residence now divided to offer (briefly) the following accommodation:
o Self contained and spacious office facility with 5 rooms and private WC
o Shared kitchen
o Large dance studio with separate office
o Elegant flat on 3 levels
Large lounge
Kitchen
Family bathroom
Dining Room
Office
Shower room
3 large double bedrooms
o Self contained flat
Bedroom
Lounge
Large kitchen
o Delightful courtyard with option for vehicle parking
STRENGTHS
Located within easy striking distance of the town centre
Close to internationally renowned racecourse with bloodstock sales
Superb rental market within the town
Owners accommodation offers an elegant lifestyle
Excellent tenants already in place offering reliable rental income
POTENTIAL
Renting flats which should generate a minimum of £1,200 per month
Additional business development work in relation to dance studio booking for example advertising or website development
Increase in rental rates for dance studio
Development of larger flat into two smaller units offering a higher rental yield
VIEWINGS
A non disclosure agreement will have to be signed and returned prior to any further information
TENURE
Freehold
Business Rates Nil
and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1272DN / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
