Property

Terraced Block of 4 Apartments Currently Achieving an Income of Approx. £30,000 Per Annum. Located Within Walking Distance of Douglas’ Town Centre, Shops & Amenities.

Agents Comments

Cowley Groves are delighted to market this block of 4 apartments for sale in the heart of Douglas. The apartments are currently managed by our Cowley Groves Lettings Department and achieve an income of approx. £30,000 Per Annum. For more information and to arrange a viewing, please contact Orry-James Creane on 01624 625888 (option 1) or email ojcreane@cowleygroves.com.

16 Kensington Road, Douglas

Apartment 1 – Currently achieving £750PCM on a 12 month lease commencing 22nd June 2024

• Ground floor
• Large living area
• Kitchen
• 2 Bedrooms
• Bathroom

Apartment 2 – Currently achieving £595PCM on a 12 month lease commencing 19th August 2024

• First floor
• Lounge
• Kitchen
• 1 Bedroom
• Bathroom
• Recently re-decorated throughout
• Newly fitted carpets

Apartment 3 – Currently achieving £535PCM on a 24 month lease commencing 4th February 2023

• Second floor
• Large living area
• Kitchen
• 1 Bedroom
• Bathroom

Apartment 4 – Currently achieving £725PCM on a 12 month lease commencing 6th September 2024

• Top/third floor
• Open plan lounge/kitchen
• 1 Bedroom
• Bathroom

Total Income

Apartment 1: £9,000 Per Annum

Apartment 2: £7,140 Per Annum

Apartment 3: £6,420 Per Annum

Apartment 4: £8,700 Per Annum

Total Annual Income: £31,260.00

Outside

To the front of the property there is an easily maintained and well-kept patio area with dwarfed wall boundaries and wrought iron railings.

Services

All main services are connected. Gas fired central heating. uPVC double glazed throughout.

Directions

Travelling along Woodbourne Road in the direction of Prospect Hill, continue straight on at the Rosemount traffic lights and turn right, onto Kensington Road. Continue past the entrance to Kensington Avenue, where number sixteen can be found a short distance along on the right hand side, clearly identified by our For Sale board.