Investment Properties: Silver House, 12-36 Silver Street, Doncaster, DN1 1HQ

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Silver House, 12-36 Silver Street, Doncaster, DN1 1HQ

OIEO £3,840,000 subject to contract - Freehold

  • Situated in the centre of Doncaster.
  • Mixed use building of 93,507 sq ft and 51 car parking spaces. 
  • Provides a combination of retail, offices, and leisure uses. 
  • Benefits from an extensive and prominent frontage. 
  • Freehold.
  • Multi-let to 10 tenants with a WAULT of 6.7 years to the Breaks and 6.9 years to Expiries.
  • Passing rent of £409,216 pa is reversionary.
  • Very low average rent of £5.40 per sq ft.
  • Potential to increase the rents and improve the tenant mix via active management and lease events.
  • Potential to convert to residential use plus increased massing (subject to planning).
  • Offers are invited in excess of £3,840,000, subject to contract. 
  • Assuming purchaser’s costs of 6.53%, this reflects a very attractive Net Initial Yield of 10.0%, a Net Reversionary Yield of approximately 12.7% and a low capital value of £41 per sq ft.