Summary - 23, Hall Gate DN1 3NA
3 bed 1 bath Flat
Freehold investment with immediate retail income and refurbishment upside above.
- Ground-floor commercial unit fully let at £2,800 pcm
- Upper three-bedroom flat needs full refurbishment
- Estimated combined rental income £3,800 pcm
- Strong projected ROI of 16.6% (subject to assumptions)
- Freehold, no onward chain for quicker completion
- Buyers premium of 1% + VAT applies (minimums specified)
- High local crime and very deprived area; management needed
- Heating electric room heaters; walls likely uninsulated, upgrade required
A substantial mixed-use building in Doncaster city centre offering immediate income and clear upside. The fully let ground-floor commercial unit has a newly agreed lease producing £2,800pcm, while the three-bedroom flat above requires refurbishment but could push combined income to an estimated £3,800pcm. The property is freehold and chain-free, simplifying acquisition.
This is an investor-focused opportunity: current cashflow is immediate from the retail tenant, and the upper-flat represents straightforward refurbishment potential to increase returns. The building dates from the early 20th century and retains period character, but the flat needs modernising and the heating is currently electric room heaters — budget for upgrades, insulation, and modern heating if targeting higher rental yields.
Material points to note: the area scores high for crime and is classed as very deprived, which can affect tenant profiles and management needs. A buyer's premium of 1% + VAT (minimums apply) is payable — a non-negotiable purchase cost to factor into your acquisition math. No flooding risk is recorded and mobile/broadband connectivity is strong.
In short, this is a hands-on investment with secure ground-floor income plus clear refurbishment upside above. Suitable for investors prepared for a city-centre asset requiring capital works and active management to realise the projected 16.6% ROI.
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