Princes Street, Douglas, IM1

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 1A 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 2Also 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 3A 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.