Floorplan
Map6 bedroom block of apartments for sale
Key information
Features and description
- Entire apartment block for sale
- Set in central Douglas
- 3x two-bedroom apartments
- 3x double garages - 1 per apartment
- Excellent condition throughout
- Projected income circa £40k pa
- Projected gross yield 5.5%
Attention Investors – An exciting opportunity exists to purchase the entire block which includes the freehold title of this modern, purpose-built, flatted development set in central Douglas next to the heart of the city's financial and retail sectors. It comprises 3x two-bedroomed apartments, each with a corresponding large double garage and a communal entrance hallway and stairwell. Projected annual income is circa £40k providing a gross yield of 5.5%.
Apartment 1
A modern and fresh two-bedroom apartment of approx. 885 sq ft (see floorplan). Both double bedrooms have ensuite bathrooms. The large open-plan lounge and kitchen has a Juliet balcony and there is a double garage with an up-and-over remote control door.
Apartment 2
Also a two-bedroom apartment of approx. 600 sq ft with an open-plan lounge/kitchen with Juliet balcony, bathroom with shower over, and a double garage.
Apartment 3
A further two bedroom apartment of approx. 600 sq ft with an open-plan lounge/kitchen with Juliet balcony, bathroom with shower over, the wide hall currently being utilised as additional bedroom space and there is a double garage.
The current owner has agreed to paint the internal common areas of the building and the external walls in colours chosen by the buyer prior to sale completion.
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