Victoria Road, Isle of Man, IM2 4

Rare opportunity to acquire a freehold block of 3 self-contained apartments in central Douglas. Part-renovated to final fix stage with strong rental potential. ERV £43,200–£46,800 pa, gross yield 8.5%–9.0% once complete.
Freehold block of 3 self-contained apartments in central Douglas
Advanced renovation stage – second/final fix electrics & plumbing in place
Flat 1: 1-bed / Flats 2 & 3: 2-bed layouts with open-plan living
Strong rental demand – ERV £43,200–£46,800 pa once complete
Indicative gross yield 8.5%–9.0% based on completion values
Excellent investment or resale opportunity with uplift potential

A rare opportunity to acquire a freehold block comprising three self-contained apartments in the heart of Douglas. The property is part-renovated and requires completion, presenting an excellent investment or resale opportunity once works are finalised.

Flat 1 (Ground Floor): 1-bedroom apartment with bathroom and open-plan kitchen/living/dining space.

Flat 2 (First Floor): 2-bedroom apartment with bathroom and open-plan kitchen/living/dining space.

Flat 3 (Second Floor): 2-bedroom apartment with bathroom and open-plan kitchen/living/dining space.

Communal stairwell providing access to all floors.

Renovation works are well-advanced, with much of the property brought to second/final fix stage including electrics and plumbing.

Rental Values (on completion)

1-bed: £1,000 – £1,100 pcm 2-beds: £1,300 – £1,400 pcm each Gross annual income potential: £43,200 – £46,800 Indicative gross yield: 8.5% – 9.0% once complete.