INVESTMENT OPPORTUNITY - Doncaster

Price:

Freehold - £275,000

Turnover:

Seller Ref:

HO9419

Location:

South Yorkshire, Doncaster

Business Type:

Commercial Property, Corporate Businesses

See Other:

Investment properties for sale in South Yorkshire
Self catering/flats for sale in South Yorkshire
Commercial property for sale in South Yorkshire
Corporate businesses for sale in South Yorkshire

Description:

THE BUSINESS:

LOCATION:
The property is located on a well-known street in Doncaster town centre, surrounded by retail outlets, offices and dining establishments.

PROPERTY:
The property has been recently refurbished to a high standard and now offers a modern, Thai restaurant on the ground floor and three, self-contained en-suite bed sits on the first floor.

The restaurant is well known in the area and has been established for a long time. It is simply designed with a contemporary feel throughout. The décor is of a high standard with white walls and dark floors and furniture. The tenants have a 10 year lease which commenced in 2010 and has a 6 year review. They pay a rental income of £13,200 per year.

The bed-sits are located on the first floor and are self-contained with access from the rear of the property. They each have double bed with an en-suite shower room and are suitable for single people and couples alike. There is a communal kitchen which has also been re-fitted and equipped.
The bed sits have only recently been completed but are already occupied and generate an income of £11,700 per year. Prior to completion there was a huge amount of interest from prospective tenants and demand is high for affordable, town centre living accommodation of a good standard.

In our opinion, this is a fantastic opportunity to acquire a very keenly priced freehold property with a good return on investment. The property is of a high standard and is fully occupied.

To the rear of the property there is parking space for 2 vehicles.

TENURE:
This is a freehold opportunity.