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 £4,750,000 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 £4,750,000 (Four Million, Seven Hundred and Fifty Thousand Pounds). 
- Assuming purchaser’s costs of 6.6%, this reflects a very attractive Net Initial Yield of 8.08%, a Net Reversionary Yield of approximately 10.23% and a low capital value of £50 per sq ft.