Property

Mixed-Use Investment Property Situated in the Heart of Douglas’ Town Centre. Accommodation Consists of an Established Retail Unit & 3 Newly Refurbished Residential Apartments Above, Achieving a Combined Income of £52,080 Per Annum.

Agents Comments

Cowley Groves are pleased to offer this prime mixed-use investment property for sale. 29 Victoria Street consists of an established retail unit and newly refurbished residential accommodation above. The commercial premises is spread across ground and basement levels and is accessed from Victoria Street. The residential units (all of which are 1 beds) are accessed through a separate private entrance to the rear and are all rented out with tenants in situ on 12 month leases. The property meets all the latest building requirements, to a very high standard, and is fitted with the latest technology sprinkler system. To arrange a viewing of this beautifully maintained property in central Douglas, please call Orry-James Creane on 01624 625888 (option 1) or email ojcreane@cowleygroves.com.

Current Rental Income:

House of Holden/Shop: Achieves £2,000PCM on a "rent a chair" basis

Flat 1: £805PCM on a 12 month lease until 24th January 2024

Flat 2: £780PCM on a 12 month lease until 24th January 2024

Flat 3: £755PCM on a 12 month lease until 29th January 2024

The shop and 3 flats generate a combined income of £4,340PCM and £52,080 Per Annum.