DONCASTER

Iconic Residential Conversion - ALL UNITS SOLD OUT

Doncaster

Flagship conversion of an iconic landmark building in the centre of Doncaster

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

This dazzling conversion of an Art Deco Grade II listed former department store in the centre of Doncaster is now sold out. This development puts the emphasis firmly on quality , ensuring the strongest possible appeal to affluent tenants. For example, full concierge services are available, providing an exclusive range of business and lifestyle services for young professionals.

Boasting a rooftop cinema built in the iconic style of the Art Deco era, the development has immediate visual impact. It retains its original 1930s features but individual apartments are built to the very latest standards. Designed for open-plan living, the spaces make the most of natural daylight with floor-to-ceiling windows, including many with private interior balconies.

The building also combines roof mounted solar panels with a super-efficient water heating system - resulting in a minimal carbon footprint and significant energy savings for tenants.

ALL UNITS NOW SOLD OUT

KEY INVESTMENT FACTORS


  • Grade II listed Art Deco building
  • 78 one, two and three bedroom apartments
  • Rental returns at 8.5% gross
  • Sunrooms with most apartments
  • On site concierge service & resident’s cinema

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

  • A landmark building with a prime position in Doncaster town centre
  • A Grade II listed building designed in the Art Deco style
  • Converted by Empire Property Concepts
  • 78 top quality apartments to be created on four storeys
  • A mix of highly marketable 1, 2 and 3-bedroom properties
  • Building will feature a concierge and roof-top cinema
  • Now complete

Key Facts – The Investment

  • Gross rental yields of 8.5%
  • 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

The scale of inward investment in Doncaster and its immediate surrounds will inevitably mean a boost to the local economy and a substantial increase in jobs. Given the strategic focus on supporting higher value industries, the need for skilled, professional workers is set to sky rocket – and this in a town where rental demand is already exceptionally high.

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.

Working based on rigorous market research, Empire Property Concepts has produced a design that puts the emphasis firmly on quality – thereby ensuring the strongest possible appeal to affluent tenants. For example, full concierge services will be available, providing an exclusive range of business and lifestyle services for young upwardly mobile professionals.

Boasting a rooftop cinema built in the iconic style of the Art Deco era, the scheme will have immediate visual impact. It will retain its original 1930s features but the individual apartments will be built to the very latest standards.  Designed for open plan living, they will make the most of natural daylight with floor-to-ceiling windows and private interior balconies.

Key Features

  • A prime town centre location
  • A prestigious landmark building
  • A top-quality conversion scheme
  • 1, 2 and 3 bedroom properties available
  • Aimed at the profitable professional market
  • Exceptional rental demand
  • Demand set to rise further in the coming years
  • Cinema exclusively available to residents and guests

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.

Join our Investment Hub for privileged access to our latest developments, their availability and exclusive rates.

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Solomon Investment Partners in relation to its investment products.