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Laureston Terrace, Douglas, Isle Of Man £495,000
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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 £37,200 per annum reflecting a 7.50% 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 - £700pcm
Ground Floor - Retail unit - £800pcm
First Floor - 2 Bedroom flat - £850pcm
Second Floor - 2 Bedroom flat - £750pcm
Total Rent £37,200 per annum
Heating - Gas
Tenure - Freehold
Click to enlarge
- 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
Isle Of Man IM2 5DH
Grays Estate Agents
