Princegate House, Waterdale, Doncaster, DN1
- SIZE AVAILABLE
11,326 sq ft
1,052 sq m
- SECTOR
Residential development for sale
Key features
- A recently developed residential investment property located within the heart of Doncaster city centre surrounded by shopping, leisure and travel amenities.
- Unbroken freehold interest containing 90 apartments with excellent occupancy levels - currently 97% let.
- Diversity of AST income alongside short-term 'Airbnb' style managed lets.
- Currently generating a gross annual income of £555,613 per annum.
- Forecasted 2024 operating budget of c. £218,000.
- Seeking all expressions of interest for the freehold interest.
- Viewings are strictly by prior appointment with Watling Real Estate
Description
The property comprises a 5-storey building arranged into a mix of 90 self-contained studio and 1-bed apartments along with communal and service areas with a fenced rear car park for 20 vehicles.
The building is of steel frame construction with concrete-clad elevations sitting beneath a flat roof. Alumunium-framed double glazed windows and doors are fitted throughout.
Highlights include:
90 self-contained studio and 1-bed apartments with fitted kitchens and bathrooms.
Well-proportioned floor space.
Dual staircases both serving all floors.
Two passenger lifts serving all floors.
Secure car park (20 spaces), providing additional income.
Additional cycle store.
All mains services provided.
High-speed broadband connection to all apartments.
We are advised that the apartments provide a range of sizes with gross internal floor areas of between 245 sq ft to 398 sq ft.
Total site area is 0.26 acres (0.10 hectares).
Location
Prominently situated on Princegate within the heart of the city centre, conveniently located between The Frenchgate Shopping Centre, the city's main transport interchange and the recently developed Waterdale Civic and Cultrual Quarter.
Brochures
Princegate House, Waterdale, Doncaster, DN1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Doncaster Station0.4 miles
- Bentley (South Yorks.) Station1.7 miles
- Kirk Sandall Station3.7 miles
Notes
Disclaimer - Property reference 223046. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by WATLING REAL ESTATE LIMITED, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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