MapRetail property (out of town)
Sold STC
Retail property (out of town)
Features and description
- Close to Douglas City centre
- Area: 974 sq ft
- Tenanted achieving £11,000 per annum, with upward increases each year
- Gross yield 5.94% increasing to 7.02% by year 4
An opportunity to purchase this unique retail unit in close proximity to Douglas town centre. Comprises of a large retail area and wc on the ground floor and three large rooms and a kitchen on the upper floor.
The unit is tenanted by Woodbourne Kitchen on a 4 year lease and is achieving £11,000 per annum. Rent will increase by £1,000 each year, increasing the gross yield to 7.02% by year 4.
Area: 974 sq ft
Tenure: Leasehold
Property information from this agent
About this agent
No matter what type of property you are looking for, we will endeavour to find the one that fulfils all your needs. After discussing your requirements, we will assist you every step of the way as you look for your new home. With hundreds of properties on our books at any one time, we have something for every budget and taste. Whether you're looking for a one-bedroom town flat, or a country mansion, you'll find it with Chrystals. With decades of experience, the Chrystals team has seen it all. With an intimate knowledge of the intricacies unique to the Manx property market, we pride ourselves on providing the Island with a first-class service. We have invested a great deal of time and effort in producing the Isle of Man's premier property website. Our dedicated team of online editors update the site daily so you'll hear about the latest properties for sale first.