Residential/Commercial Building With Rental Income & Accommodation

Price:

Freehold - £549,950

Turnover:

Seller Ref:

1272DN

Location:

South Yorkshire

Business Type:

Commercial Property

See Other:

Investment properties for sale in South Yorkshire
Office space for sale in South Yorkshire
Other commercial property for sale in South Yorkshire
Commercial property for sale in South Yorkshire

Description:

THE BUSINESS:

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

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

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 These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants.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).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.

Location Details:

• 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

Accommodation:

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