Terraced house for sale in 1Be, Douglas, Fairfield Terrace Douglas, Isle Of Man IM1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
Summary: Superb Investment Opportunity Offering a High Yield Return Fully Licensed Terraced HMO (House in Multiple Occupation)
What is a HMO
HMO is where three or more unrelated persons occupy a house, where they pay rent for their own bedroom and share a kitchen, lounge and/or a bathroom. No Lease or contract is required.
The property is situated in the heart of Douglas and is presented in immaculate condition throughout. The business has been run as a successful HMO for over 20 years by the current owners who have long term occupiers and have always remained full without the need for advertisement.
The Property Comprises:-
2 Communal Lounges
2 Lovely Fully Fitted Communal kitchens
Laundry Room
17 bedrooms (Which are currently all rented)
Most Bedrooms have access to En-suite Shower/Bath facilities, there is also a Shower room with 2 cubicles
Current Rental Income per week is £1797 The property also benefits from a large self contained flat that could provide an additional Income or provide live in accommodation.
Rateable Value: £tba
Rates Payable: £tba
Inclusions : Tba
School District: Henry bloom noble / bhs
Viewings: Strictly by appointment with Property Wise Limited tel: 66 28 20
Offers: Strictly through the Agent, Property Wise Limited tel: 66 28 20
Disclaimer: Whilst all particulars are believed to be correct, neither Property Wise Limited, or their clients guarantee their accuracy nor are they intended to form part of any contract. Floorplans are only for illustrative purposes only, decorative finishes, fixtures, fittings and furnishings do not represent the current state of the property. Measurements are approximate and not to scale.
Property info
For more information about this property, please contact
Property Wise, IM1 on +44 330 038 9881 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Property Wise, and do not constitute property particulars. Please contact Property Wise for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.