No longer on the market
This property is no longer on the market
MapBlock of apartments
Sold STC
Block of apartments
Key information
Features and description
- Block of 4 self-contained apartments
- Annual rental income: £26,780
- Well maintained property
- Parking space at the rear
An opportunity to acquire a freehold residential investment property comprising four self-contained apartments close to the centre of Douglas.
Property is well maintained and fully tenanted. Annual rental income of £26,780 per annum. Potential for growth with the renovation of the store area converted into a studio or one bedroom apartment, subject to planning consents. This would increase the rent to £33,980 per annum, reflecting a gross yield of 8.51%.
Parking space at the rear.
Tenure: Freehold
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.