Summary - 23, Hall Gate DN1 3NA
1 bed 1 bath Commercial Property
Immediate income with refurbishment upside and strong projected returns.
Fully let ground floor with newly agreed lease generating £2,800 pcm
A freehold, mixed-use Victorian terrace located in Doncaster city centre, the ground floor is fully let on a newly agreed commercial lease generating £2,800pcm. Immediate income begins from exchange, offering predictable cashflow for a buyer seeking near-term returns.
Above the shop sits a three-bedroom flat in need of refurbishment. With upgrades to heating, insulation and cosmetic finishes this unit could be re-letted to increase overall rental income to an estimated combined £3,800pcm, delivering the advertised projected ROI of 16.6%.
Practical considerations are clear: the building dates from c.1900–1929 with solid brick walls and assumed lack of insulation, electric room heaters, and double glazing of unknown age. The flat and some building elements will require investment to meet modern lettings standards.
Location is a strength and a risk. The property benefits from city-centre footfall, excellent mobile signal and fast broadband, and nearby amenities and transport. The area is very deprived with very high crime statistics, which will influence lettings, management costs and tenant profiles. A buyer's premium applies and must be factored into transaction costs.
This is a hands-on investment for a buyer comfortable with refurbishment and active asset management. The purchase is chain-free and offers immediate rental income plus clear upside if the upper flat is refurbished and repositioned.
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