Watling Real Estate has been appointed to market a prime freehold investment opportunity in Doncaster city centre.
Princegate House, located on Waterdale, offers investors the chance to acquire 90 apartments with diversified income streams, including standard rental agreements, short-term Airbnb-style lets, and on-site parking facilities.
About the property
Princegate House is a five-storey building featuring 90 self-contained studio and one-bedroom apartments. It includes communal and service areas, a rear car park with 20 spaces, and a bike store, making it an appealing option for a variety of tenants. The property is situated in a convenient location, just a short walk from Doncaster’s Frenchgate Shopping Centre and transport interchange, which provides excellent connectivity to the wider region.
Investment potential
James Bunce, a surveyor at Watling Real Estate’s Leeds office, commented on the property’s prime location: “Princegate House benefits from its proximity to the Frenchgate Shopping Centre and Doncaster’s transport links. It also neighbours the recently developed Waterdale Civic and Cultural Quarter, which is steadily becoming a key local attraction and promises to revitalise the surrounding area.”
The property currently generates a gross annual income of £555,613, with an operating budget of approximately £218,000 for 2024.
