St Helens Rd Apartments, St. Helens Road, Doncaster, DN4 5EQ

RESIDENTIAL INVESTMENT - FOR SALE - FREEHOLD - REVERSIONARY - 9%

Great opportunity to purchase the freehold of a block of 4 flats in the Bell Vue area of Doncaster on St Helens Road (a highly sought after rental area).

Currently 3 of the flats are tenanted with one remaining vacant and openly marketed available for £850pcm. The overall current income for the block stands at £26,100 per annum (£36,300 per annum when fully let). The rents are an all inclusive basis (not including council tax) with last years annual cost being £14,853 per annum.

There is scope on the investment to increase the rental levels. The asking price shows a yield of 7.5% on passing rents with a potential return of around 9.1% on the reversionary yields when fully let.

The property is located just outside the centre of Doncaster close to the lakeside retail and leisure area of Doncaster, along with Doncaster race course. The property is situated close to the A18 giving quick access to the M18.

Viewings strictly by prior appointment with the agents:


James Humphreys
Surveyor

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E: James.