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Doncaster, United Kingdom
07 Sep 2017
£ 90,000 / € 108,163 / $ 117,270
Danum House is an iconic building in the heart of Doncaster, the town with the fastest rising rents in the UK. A former department store converted into luxury apartments, it offers 8.5% p.a. assured gross yield for 5 years.
Danum House is an iconic, Art Deco building in the heart of buzzing Doncaster, where rents have risen 14.4% in the last year - the fastest rate of growth in the UK.
Doncaster is the epitome of the UK's Northern Powerhouse. A large town within the Sheffield City Region, offering excellent rail, road and air links, it is a strategic hub for many companies. Over £380 million is currently being invested in the area's redevelopment by the government, Virgin Trains and the National College of High Speed Rail, while Amazon.com will soon be opening a third distribution centre in the town, creating an estimated 500 new jobs.
This has given Doncaster a large, young, working population who want stylish, comfortable urban living. A huge undersupply of suitable property in the town, though, continues to drive rents higher.
Danum House is in a prime position to meet those needs. The building sits opposite the bustling Frenchgate Shopping Centre and just 200m from the train station, offering fast links to London, Manchester, Edinburgh, Newcastle and Leeds.
Packed with original features and 1930s character, it was originally a department store, inspired by the luxurious cruise ships of the era. Now, the Grade II listed building is being converted into luxury apartments, with construction due for completion in Q2 2018.
With prices starting from £90,000, investors can earn a gross yield of 8.5% per annum, assured for five years. 75% LTV mortgages are available, which means eligible investors can secure a unit for just £30,000.