by Heather Hamilton
Photo: Ben Harrison Photography
A recently developed residential investment property located within the heart of Doncaster city centre is available.
Watling Real Estate has been instructed to market this freehold investment opportunity featuring 90 apartments surrounded by shopping, leisure and travel amenities.
The building comprises a five-storey building arranged into a mix of 90 self-contained studio and one-bedroom apartments, along with communal and service areas, with a fenced rear car park for 20 vehicles, plus a bike store.
The unbroken freehold interest promises diversified income from standard rental agreements, short term “Airbnb”-style managed lets and on-site car parking.
The location of Princegate House within Doncaster City Centre means it is only a short walk from the Frenchgate Shopping Centre and the main transport interchange, which offers excellent transport links, a plentiful supply of retail shops and a diverse array of restaurants, cafes and leisure activities.
Situated in the Waterdale Civic and Cultural Quarter, which is currently being transformed to becoming a dedicated local attraction, that includes the Civic Office, Cast theatre, a state of the art 6 screen Savoy cinema, University Technical College and 100 contemporary family homes.
The property currently generates a gross annual income of £555,613 with a 2024 operating budget of circa £218,000 with excellent occupancy levels, currently 97% let.
Further information is available at https://watling.com/property/223046/ or via James Bunce on james.bunce@watling.com
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