Rare Investment Opportunity – Block of 6 Self Contained Flats – All Let – Bessacarr Doncaster DN4 – Leasehold 57 years – Income £36,000 Per Annum
Bahram Road, Doncaster DN4 7BG, UK
£450,000
Overview
Flat
Property Type
12
Bedrooms
6
Bathrooms
Description
Block of 6 x 2 bed Flats located in a Prestigious area of Bessacarr in Doncaster DN4, 6 Self contained flats, generating £36,000 per annum, Potential to increase to £43,200, Leasehold 57 Remaining on the lease, Valuation per Flat after renewal of Lease £90,000, cost of renewal approx £15,000 per flat, Priced to sell at £70,000 per flat, 6 in total in Block, Rare opportunity to Own a block of flat, Ground Rent just £150 per annum per flat, No Maintenance Charges.
Future potential to purchase the Freehold.
Priced to sell allowing buyer to renew leases if required ( whole block of 6 Flats @ £70,000 = Guide £450,000 – offers invited.
No time wasters
Superb Investment even without renewing the leases – 57 Years @ £36000 per year = £2,052,000.00 Return