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MapBlock of apartments for sale
12 Clifton Terrace, Isle Of Man
Block of apartments
Key information
Features and description
- Freehold residential investment property
- Potential to achieve £50,700 per annum when fully let
- Six fully self contained apartments
- Situated in central Douglas
This is a rare opportunity to acquire a freehold residential investment property in the heart of Douglas. Comprising six fully self-contained apartments, the property offers a mix of electric and gas-serviced units, appealing to a broad range of tenants.
Currently generating an annual rental income of £43,500, the property presents significant potential for growth, with full occupancy projections reaching £50,700 per annum. This increase would deliver a strong gross yield of 8.04%, making it an attractive prospect for investors.
Ideal for those looking to expand their portfolio or secure a high-yield asset, this property is perfectly positioned in one of Douglas's most desirable locations. An excellent investment opportunity not to be missed.
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.
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