Asking Price Of £495,000
13-17 Cleveland Street, Doncaster, South Yorkshire, DN1 3EH Offered for sale is a development / investment opportunity for 9 apartments over the first and second floors, including the ground floor investment, a 10 year lease at a passing rent of £27,500 per annum. The development comprises six 1 bedroom and three 2 bedroom apartments. Full planning has been granted and all documents are available on request. Centrally located in the heart of Doncaster, this building offers a quick build for a local developer. The exterior of the property has been re-pointed and all windows have been replaced, and the roof has had an overhaul, reducing costs for the buyer to come in a start works on the cleared and ready to build internal space.
Location Doncaster is a large market town in South Yorkshire. Doncaster and its surrounding suburbs form part of the Metropolitan Borough of Doncaster, which had an estimated population of 304,185 in 2014. The town itself has a population of 109,805.Doncaster is ab out 20 miles from Sheffield, with which it is served jointly by an international airport, Robin Hood Airport. Doncaster is directly accessed from the A1 Motorway near Blyth. Sheffield lies to the South West via the M18 and is approximately 23 miles whilst Leeds to the North West via the A1 and M62 is approximately 33 miles. Property Description The Property is a 3 storey mid terrace property of brick and stone construction. the roof is part flat and part pitched in th e middle and has recently been renovated by the current owner, all windows to the front and rear have been replaced and the external brick work has been re pointed. The ground floor and basement is let to a polish supermarket operator, leaving the first and second floo r space for development, there is side access to allow for serviceability to the shop and basement access and also providing access to the upper floors. There will also be some available space in the basement for services and utilities. The upper floors were previ ously used as office and retail space and could be again if any interested parties required the space for this usage. Accommodation The proposed planning at present allows for 4 x 1 bedroom apartments and 1 x 2 bedroom apartment on the first floor all with kitchen, living rooms and bathrooms, whilst on the second floor offers 2 x 1 bedroom and 2 x 2 bedroom apartments all including kitchen, li ving rooms and bathrooms. The total area over the first and second floor is approximately 5400 SQ FT. Plus the ground floor inves tment for a 10 year lease of ground floor retail space and basement storage let to a polish supermarket, at a passing rent of £27,500 per annum. Services We are advised that all mains services are connected to the property. These services have not been inspected or tested by the agent. Terms The Upper floors will be available on a long leasehold basis. Our client would consider splitting the space offering the uppe r floors on a 999 year long lease and selling the investment separately. Please contact to discuss these options. Rates The property will require re rating now the planning has been received, however it is understood that the current rates for t he upper floors only is £4,000 per annum. VAT Vat will be chargeable unless a VAT 1614d option certificate is signed to exempt the VAT where residential conversion are taking place. Note if the upper floors were to trade in a commercial capacity in the future then the VAT payment would arise. Legal Costs Both Parties will be responsible for their own legal costs Viewing Viewing is strictly by prior appointment via the sole agents Moores Commercial Tel: 01664 431330 or via email
[email protected] Parking No Parking space available with the property. However there is a drop off point to the rear for all tenants and deliveries. Other
Contact Details 36 Hi gh Street Oakha m Rutland LE15 6AL www.moorescommercial.com %epcGraph_c_2_210%
Email: offi ce@moores commercial.com Tel: 01664 431330
Importan t; we would l ike to inform p rospectiv e purchas ers that th ese sales particulars hav e been prepared as a gen eral guid e only. A det ail ed surv ey has not b een c arri ed out, no r t he serv ices, applianc es and fittings t ested . Room sizes should not be rel ied upon for furnishing purpos es and are approximat e. If floor plans are inclu d ed, th ey are for guid ance only and illustrat ion purposes only and may not b e to scal e. If there are any import ant matt ers lik ely to affect your d ecision to buy, pl ease contact us before vi ewing th e prop erty .