The agency Watling Real Estate has been instructed to market a freehold investment opportunity featuring 90 apartments within a prominent Doncaster city centre property.
Princegate House, Waterdale, is a recently developed property which agents Alex Sweetman and James Bunce believe has significant potential.
It comprises a five storey building arranged into a mix of 90 self-contained studio and one bedroom apartments, along with communal and service areas, with a fenced rear car park for 20 vehicles, plus a bike store.
The unbroken freehold interest promises diversified income from standard rental agreements, short term Airbnb-style managed lets and on-site car parking.
James Bunce, a surveyor in Watling Real Estate’s Leeds office, says: “The position of Princegate House within Doncaster centre means it is only a short walk from the Frenchgate Shopping Centre, and the city’s main transport interchange, which offer excellent transport links alongside a plentiful supply of convenience retailing, a multiplex cinema and a diverse array of restaurants, pubs and clubs.
“It also neighbours the recently developed Waterdale Civic and Cultural Quarter, which is steadily becoming a local attraction in its own right and is promising to transform the wider Waterdale area.”
The property currently generates a gross annual income of £555,613 with a 2024 operating budget of circa £218,000.
Further information at https://watling.com/property/223046/ or via James Bunce on james.bunce@watling.com
