Key features
- Rare opportunity for a unique investment property
- Detached building in a sought after Douglas location
- Conveniently situated in a prominent position within a short walk to various amenties of Douglas
- Comprising of five fully tenanted apartments
- 2 x 2 bed flats and 3 x 1 beds flats
- Individual gas boilers and uPVC double glazed
- Extensive parking area and a garage
- Annual rental income of £35,880
- Represents a gross yield of 8.6%
- No onward chain
Summary
Rare opportunity to purchase a detached building in a sought after Douglas location comprising of five fully tenanted flats.
The property is conveniently situated in a prominent position within a short walk to various amenities of Douglas. The flats consist of 2 x 2 beds and 3 x 1 beds. There is an extensive parking area and a garage.
Garage is currently used as storage so is not rented out. Possibility for additonal rental income.
Flat 1 £600 per calendar month
Flat 2 £600 per calendar month
No Flat 3
Flat 4 £130 per week
Flat 5 £130 per week
Flat 6 £750 per month
The lease terms of the tenancy will be confirmed.
Annual rental income of £35,880
This represents a gross yield of 8.6%
Primary Schools
- Scoill yn Jubilee
Secondary Schools
- Ballakermeen
- St Ninian's
Further Information
Tenure Freehold
Rates Treasury call 685661 and Douglas Borough 696347
Heating Individual Gas boilers
Windows uPVC double glazed
Amenities
- Parking
Location
Ellesmere, 89 Woodbourne Road, Douglas
- View more Isle of Man properties in Douglas
- View more Isle of Man properties in the East
- View more Isle of Man properties within the IM2 postcode
- View more Isle of Man properties in the Scoill yn Jubilee primary school catchment area
- View more Isle of Man properties in the Ballakermeen secondary school catchment area
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