
Coltran Mill
KEY INFORMATION
Location
Yield
Starting Price
Completion date
OVERVIEW
Situated adjacent to a peaceful canal alongside the River Don, Coltran Mill will consist of a collection of assisted living houses and apartments located in Mexborough, South Yorkshire, many with panoramic canal, river and countryside views. Residents will enjoy unobstructed rural views with open countryside and golf courses to the south as well as benefitting from ample parking and enjoy thoughtfully designed and landscaped shared amenity space.
One of the most unique aspects of investing at Coltran Mill is that it is currently being leased to the non-profit housing company under a fully internally repairing insurance (FIRI) lease that also includes annual Consumer Price Index (CPI) increases, and with the national CPI rising at an unprecedented rate in recent years, the scope for growth in rental income through CPI increases is extremely high.
PROPERTY DETAILS
- Houses and apartments
- Canal views
YOUR INVESTMENT
- Purchase price: £199,995
- 9.1% yields for 25-years
- Hands-off, fully-managed investment
- All running and repair costs covered
- Annual inflation-linked rent increases
Location details
Mexborough is a former industrialised town found on the banks of the River Don. The town sits 8 miles south west of Doncaster, 6 miles north east of Rotherham and 14 miles north east of Sheffield.
The town benefits from a number of amenities such as a hospital, several schools and a pedestrianised retail centre, which is primarily occupied by traditional independent stores and national chains.
This is all combined with great connectivity via the local train station with direct services to Sheffield and Doncaster. Mexborough is also well served by the strategic road network with Junction 37 of the A1(M) being 5.4 miles, Junction 1 of the M18 being 7.5 miles and Junction 33 of the M1 being 10 miles away.