End terrace house for sale in Laureston Terrace, Douglas, Isle Of Man IM2

£509,000
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End terrace house for sale - 5 bedrooms

5 4 4

Tenure:
Freehold
Council tax band:
Not available

Property features

  • Superb investment opportunity
  • Central Douglas location
  • The block has been regulary maintained
  • 1 x Retail unit & 3 x Apartments
  • Current rent of £37,200 per annum
  • 7.50% Gross investment yield
  • Units individually metered and separate gas fired boilers

Property description

A great opportunity to acquire a mixed use commercial property situated in a well established central location in the heart of Douglas. The property has 3 apartments and a retail unit when fully let producing £39,600 per annum reflecting a 7.80% investment yield. The property has been regularly maintained and presented in good order throughout. Each unit is separately metered and have individual gas fired boilers.

Current rental breakdown
Lower Ground Floor - 1 Bedroom flat - £725pcm
Ground Floor - Retail unit - £900pcm
First Floor - 2 Bedroom flat - £850pcm
Second Floor - 2 Bedroom flat - £825pcm

Total Rent £39,600 per annum.

Heating - Gas

Tenure - Freehold

Property info

Floorplan(s): Floorplan 1

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For more information about this property, please contact
Grays Estate Agents, IM5 on +44 20 3641 7448 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Grays Estate Agents, and do not constitute property particulars. Please contact Grays Estate Agents 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.

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