Property

Entire Apartment Block For Sale
Set in Central Douglas
3x Two Bedroom Apartments
Each Including a Double Garage
Excellent Condition Throughout
Projected Income circa £40k pa
Projected Gross Yield 5.5%

SUMMARY 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, 3x double garages and a communal entrance hallway and stairwell. Projected annual income is circa £40k providing a gross yield of 5.5%

FEATURES Entire Apartment Block For Sale
Set in Central Douglas
3x Two Bedroom Apartments
Each Including a Double Garage
Excellent Condition Throughout
Projected Income £40k
Projected Gross Yield 5.5%

DETAIL 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, 3x double garages 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 Juilet balcony and there is a double garage with up and over remote control door.

Apartment 2
Also a two bedroom apartment of approx. 600 sq ft (see floorplan) with 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 (see floorplan) with 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 will paint the internal common areas of the building and the external walls in colours chosen by the buyer prior to sale completion.

DIRECTIONS From the Sea Terminal continue into Lord Street. Turn right into Ridgeway Street. Turn left onto Prospect Hill passing the Tynwald Parliament Building. Princes Street is 5th turning on the left. No.2 is on the right side.

FURTHER INFORMATION For additional details on this property, to make an arrangement to view, or to submit an offer to purchase, contact Plum Properties on hello@plumproperties.im or call 01624 820600.