Property

Cash Buyers Only
Anticipated gross yield circa 5.28%
Delightful Semi-Detached Cottage
Three Bedrooms (2 double, one box)
2 Lounges and Modern Kitchen
Contemporary Shower Room
Large Useable Basement Beneath
uPVC Double Glazed
Gas Central Heating
No Onward Chain
SUMMARY ATTENTION CASH BUYERS – Delightful and well presented three bed semi-detached character filled cottage set in the heart of Onchan in a convenient position for local shops, schools and island-wide bus routes. The property comprises two lounges, a modern kitchen, three bedrooms and a contemporary shower room. There is also a large basement space beneath and a private rear garden space. The property is sold seeking cash buyers only due being ‘flying freehold’ and is sure to appeal to astute investors with no onward chain.

FEATURES Cash Buyers Only
Anticipated gross yield circa 5.28%
Delightful Semi-Detached Cottage
Three Bedrooms (2 double, one box)
2 Lounges and Modern Kitchen
Contemporary Shower Room
Large Useable Basement Beneath
uPVC Double Glazed
Gas Central Heating
No Onward Chain

DETAILS Delightful and well presented three bed semi-detached character filled cottage set in the heart of Onchan in a convenient position for local shops, schools and island-wide bus routes. The property comprises two lounges, a modern kitchen, three bedrooms and a contemporary shower room. There is also a large basement space beneath and a private rear garden space. There is no onward chain.

The property is entered through a recently fitted composite security door into the hallway which provides access to both lounge areas. A carpeted stairway leads to the upper floor.

Both lounges provide comfortable areas for relaxation with one lounge dedicated to the TV. Both are carpeted and have uPVC double glazed windows facing the front elevation.

The kitchen is accessed via a sliding door from the second lounge and has a range of upper and lower storage units, an integrated Bosch oven, grill and hob. A uPVC door leads out into the rear garden area.

Upstairs are 3 bedrooms, 2 of which are generously sized double bedrooms. The third bedroom would be suited as a baby’s nursery room or as a study or office space.

The shower room is contemporary in style an contains a large walk-in shower cabinet with glaze screen and is tiled to full ceiling height with wash hand basin and WC.

The basement covers approx. 75% of the lower floor footprint and has a ceiling height of approx. 1.67 metres. It has a Belfast sink and plumbing and electrics for a washing machine and tumble dryer. It is presently used as utility space as well as proving a considerable amount of storage room. It also houses the electricity fuse box and the Vaillant Gas central heating boiler.

The rear garden is mainly paved and bounded by timber fencing with some mature trees. It may be possible to use part of the garden area to create parking spaces, although there is a public car park at the Commissioners offices directly opposite the property.

The tenure is ‘flying freehold’ as part of the ground and upper floor extend above the undercroft of the neighbouring property. As a result, cash buyers only are sought.

With an anticipated rental income in the region of £13,000 p.a. creating a gross yield of 5.28%, the property is sure to appeal to astute investors and has no onward chain.

DIRECTIONS From the TT Grandstand travel north on the A2 signposted for Laxey. Continue straight through the first and second roundabouts into Governor’s Road. Continue to the next roundabout and turn left past Corkhill’s Garage into Main Road, Onchan. Continue through the lights at the Co-Op supermarket where the property is 100m along on the right side and marked by our ‘Buy Me’ board.

FURTHER INFORMATION For more details on this property, to make an appointment to view, or to make an offer to purchase, please contact Bruce Cobburn on bruce@plumproperties.im or call 07624 202823.