DONCASTER

Commercial to Town Centre Buy-To-Let

Doncaster

Impressive commercial to residential opportunity with projected gross yields of 10%

THE AREA

With a £300 million town centre redevelopment scheme now in progress, a major UK logistics hub with excellent transport links on its doorstep, and home to three multi-million pound Amazon distribution centres, there is a lot to be said for investment in Doncaster.

Population

With a population of more than 308,000 -a figure which is expected to grow by 10% by 2021 - Doncaster is made up of friendly and welcoming communities. With a booming economy, strongest in areas such as warehousing and distribution and engineering and technology, the town is a popular choice for young professionals in these industries to settle.

 Economy 

With an economy of £4.94bn, Doncaster shows record levels of inward investment and featured in the top 10 for business starts and private sector job growth in a recent report (Centre for Cities outlook, 2017). In the most recent edition of the Demos-PwC Good Growth for Cities Index, Doncaster was one of the top five cities showing an improvement in its score. This was due to a significant increase in both new businesses per head and skill levels of young people seen across all of the cities surveyed.

 Employment

There are 140,000 people in employment in Doncaster. A report from the Office for National Statistics shows that the number of people in either part-time or full-time employment in Doncaster rose to 72.7 per cent between April 2017 and March 2018.

Unemployment was 5.3 per cent - down from 6.1 per cent the previous year, with more and more people gaining roles in some of Doncaster's key industries, including retail, manufacturing and financial services.

KEY FACTORS

  • Steady rental growth
  • Strong transport links
  • Large-scale town centre regeneration
  • Home to UK's fastest-growing airport outside London
  • Record levels of inward investment

THE INVESTMENT

Apartments start at £88,200 and offer a 10% investment yield along with extremely strong capital growth fuelled by a £22bn local city region investment programme.

This office-to-residential property conversion in Doncaster occupies a wonderfully convenient location in the bustling town centre. The development consists of 51 highly desirable, single-bedroom properties with a strong appeal to discerning professional tenants. The subject of a multi-million pound redevelopment by Empire Property Concepts, the property was originally built in the 1970s but is now an attractive, modern property with a high specification and an energy efficient design.

Tenants will appreciate its central location and its proximity to all of Doncaster’s principal amenities. Investors, on the other hand, will recognise its outstanding appeal as a financial vehicle. With a huge amount of regeneration work taking place locally, they also offer a real chance to benefit from substantial capital appreciation.

The apartments can be reserved for just 5% of their agreed value, followed by a deposit of 25% on exchange of contracts. High tenant demand will ensure a 10% rental yield post completion.

LIMITED NUMBER OF 1 BEDROOM APARTMENTS

KEY INVESTMENT FACTORS


  • Reserve from under £3,500
  • Aimed at the profitable professional market
  • Starting prices from £88,200
  • Strong capital growth
  • Buy-to-let mortgages available
  • 10% gross rental yields

FOR FURTHER DETAILS PLEASE SPEAK TO ONE OF OUR CONSULTANTS
TEL: +44 (0) 203 961 0090

ADDITIONAL DETAILS

Location Overview

Doncaster at a Glance

Location:
South Yorkshire, England

Population:
303,000

Economy:
£4.94 billion

Airport:
Doncaster Sheffield International Airport
(5km from Doncaster)

Key Employment Sectors No. Jobs
Retail 14,000
Manufacturing 10,000
Financial / Business Services 9,000
Leisure and Tourism 9,000
Construction 7,000
Logistics & Transport 6,500
Low Carbon Energy 5,000 by 2023
Digital Industries 2,000


Logistics – Major Employers

  • Amazon.com
  • B&Q
  • DFS UK
  • Faberge
  • Ikea
  • Next
  • Tesco

New Infrastructure Improvements

  • The Great Yorkshire Way, Phase 1:
    a £56 million scheme, linking the airport, the iPort and key industrial development zones such as Torne Park. (Opened February 2016.)
  • The Great Yorkshire Way, Phase 2:
    a £10.5 million extension project, linking Doncaster Sheffield Airport to the M18, White Rose Way and the site of the new National College for High Speed Rail. (Planning consent given September 2016.)
  • iPort:
    a £400 million rail freight interchange. (Now under construction).

Key Facts

Key Facts – The Development

  • An exciting new commercial-to-residential property conversion
  • Development undertaken by Empire Property Concepts
  • Convenient town centre location
  • Comprises 51 highly desirable one bed apartments
  • Gross rental return of 10% post completion
  • Apartments are now ready for occupation

Key Facts – The Investment

  • Rental yields of 10%
  • Reserve with a payment of only 5%
  • Excellent capital appreciation potential
  • Massive demand for attractive town-centre accommodation
  • Set in an area of fast-rising inward investment

Key Facts – Doncaster

  • Largest historic market town in the North of England
  • A £300 million town centre redevelopment scheme now in progress
  • A major UK logistics hub with excellent transport links
  • Home to three multi-million pound Amazon.com distribution centres
  • Served by the newly built ‘Great Yorkshire Way’ highway
  • Soon to benefit from additional High Speed Rail links
  • Receiving ‘Northern Powerhouse’ funding
  • A key element of the Sheffield City Region economy
  • A hugely successful £28 billion growth plan in progress
  • Growth plan to create 70,000 new jobs and 6,000 new businesses

Development Overview

This development is an exciting new office-to-residential property conversion on Princes Street in Doncaster. It occupies a wonderfully convenient location in the bustling town centre. Upon its completion in June 2018, it will comprise 51 highly desirable, single-bedroom properties with a strong appeal to discerning professional tenants.

The subject of a multi-million pound redevelopment by Empire Property Concepts, the property was originally built in the 1970s but a comprehensive refit will see the creation of attractive, modern apartments with a high specification and an energy efficient design.

Tenants will appreciate its central location and its proximity to all of Doncaster’s principal amenities. Investors, on the other hand, will recognise its outstanding appeal as a financial vehicle. Now being offered at very attractive pre-market rates, its apartments will occupy an area of exceptional rental demand. With a huge amount of regeneration work taking place locally, they also offer a real chance to benefit from substantial capital appreciation.

The apartments can be reserved for just 5% of their agreed value, followed by a deposit of 25% on exchange of contracts. High tenant demand will ensure a 10% rental yield after completion.

The developer, Empire Property Concepts and ES1, are highly experienced in conversions schemes such as this and has an enviable record of creating highly sought-after town and city centre accommodation. It specialises in breathing new life into iconic buildings and making them the centre of new and desirable communities.

 

Key Features

  • A prime town centre location
  • A top-quality conversion scheme
  • Attractive 1 bedroom properties available
  • Aimed at the profitable professional market
  • Exceptional rental demand
  • Demand set to rise further in the coming years

DOWNLOAD INVESTMENT GUIDE

Doncaster is a key location for buy-to-let investment thanks to its thriving job market, high rental demand and fast-growing population. Find out more about why you should invest in Doncaster by downloading our investment guide.

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