High yielding multi let residential investment opportunity with 100% occupancy, in an excellent location on the edge of Doncaster Town Centre and Doncaster Train Station.

SUMMARY
• 10 bed HMO investment
• 1 self contained apartment
• FULL planning permission for a further 4 ground floor self contained apartments
• Excellent location close to Doncaster centre & train station
• Total income: £62,899.92 per annum exclusive
• Potential to generate over £85,000 per annum exclusive
• For sale from £400,000 reflecting a gross yield of 15.72% and a reversionary yield of 21.25% (before cost deductions)
DESCRIPTION
High yielding multi let residential investment opportunity with 100% occupancy, in an excellent location on the edge of Doncaster Town Centre and Doncaster Train Station.
The property comprises 10 HMO apartments on the first floor each with their own shower and w/c with two large shared modern kitchenettes.
There is also 1 self contained apartment on the ground floor.
The property was recently converted to a high standard with modern fixtures and fittings and décor, and benefits from the appropriate permissions and licences to operate as a HMO.
The property provides the opportunity to further develop the ground floor space into 4 x 1 bedroom apartments which could add a further circa £23,000 pax on to the gross rental income. Full planning permission has been granted ref 20/03532/COU
The rooms are always in a high demand and the site currently runs at 100% occupancy, with a waiting list.
LOCATION
Excellent location close to Doncaster Town Centre Doncaster Train Station.
ACCOMODATION
10 x 1 bedroom HMO apartments/studios
2 x modern kitchens
1 x self contained ground floor apartment
Total GIA: 637 Sq M / 6,857 Sq Ft
Plans are available within the dataroom
PLANNING
The property benefits from full planning for it’s current use and a further planning for the conversion of the ground floor to form 4 self contained apartments.
Full planning permission has been granted ref 20/03532/COU
HMO Licence Number: LN/201900858 granted for occupancy of 10 households.
TENANCY INFORMATION
Please refer to data room.
Tenancies are held by way of AST agreements.
Tenants are responsible for Council Tax.
Total passing rent is £62,899.92 per annum exclusive
Average running costs per annum: £4,800
Net rent: £58,099.92 per annum exclusive
SERVICES
Mains water, drainage electricity and gas are connected.
EPC
B (83)
TERMS
Freehold available from £400,000
VIEWINGS AND MORE INFORMAITON
Please contact the agent for more information.

This property is available for sale by online auction, ending at 12 noon on 01/12/2021. Please visit: fishergerman.co.uk for further information. Interested buyers will need to register in advance and complete an ID verification before being able to place a bid. You should allow sufficient time to complete this process before the time period expires. This document is not a legal document and shall not form part of the auction legal pack or any contract or offer. Buyers should not rely on the information in this document as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.
All properties available for sale by Fisher German’s online auction are traditional (or unconditional) online auctions; exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. The winning buyer will be charged a holding deposit of £2,600 online, with the amount being held in a secure client account, pursuant to the terms of a holding deposit agreement. In addition, the buyer shall pay an auction admin fee and buyer's premium for this lot which will amount to £2000, inclusive of vat. This fee shall be charged to the winning buyer online, immediately at the end of the auction using the payment details provided in advance of bidding. Any remaining amounts of the auction administration fee shall be payable by the buyer in the usual manner.
Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
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Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.