Commercial property for sale in Springfield, Station Road, Blaxton, Doncaster, South Yorkshire DN9

Fantastic opportunity to purchase a residential portfolio in Blaxton, a village in the Metropolitan Borough of Doncaster, close to the Lincolnshire border.

Summary
- Freehold
- The portfolio comprises 16 semi-detached houses and 4 flats adjacent to the Finningley Court housing development and Former Doncaster Sheffield Airport
- Two of the tenancies are protected with the rest of the portfolio let by way of Assured Shorthold Tenancies (ASTs)
- Current rental income of £103,800pa
- Offers in excess of £1,900,000
- A purchase at this level would reflect a net initial yield of 5.31% ( assuming usual purchase costs and multiple dwelling relief)

Location
Blaxton is situated to the north of Finningley, on the A614 road and is approximately 6.7 miles away from Doncaster City Centre. The portfolio is approximately 6.4 miles away from the M18 and 7.9 miles away from the A1(M), allowing for easy access to the motorway network.

Situated in the DN9 postcode, the area is estimated to have a population of approximately 19,800 with Doncaster being the second largest settlement in South Yorkshire. Doncaster City provides a wide range of amenities for both it's residents and visitors, including the Yorkshire Wildlife Park, Doncaster Air Museum and Doncaster Racescourse.

Description
The residential portfolio includes 8 three-bedroom semi-detached houses on Bells Close, 2 three-bedroom semi detached houses on Blakewood Drive as well as 6 three-bedroom semi-detached houses and 4 one-bedroom flats on Station Road.

The red brick semi-detached houses comprise front and rear gardens as well as hedge fencing, blending into the open space and picturesque views. The portfolio consists of 1.54 acres (0.62 Hectares).

Two of the tenancies are protected through the Rent Act 1977 which was governed to qualifying occupiers before the 15th of January 1989. The remaining portfolio is let by way of Assured Shorthold Tenancies. This is the most common form of agreement used by landlords to let a residential property to private tenants. Assured Shorthold Tenancies are typically given for a period of six months but can be longer.

Accommodation

Gross External Area Sq Ft Sq M

Semi-detached house 930 86.42

Flat 483 44.82

Total 16,814 1,562.04

Please see the attached brochure for further information.