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Laureston Terrace, Douglas, Isle Of Man £495,000

New
Sold STC
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    Laureston Terrace Douglas
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    Laureston Terrace Douglas
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    Laureston Terrace Douglas
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    Laureston Terrace Douglas
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    Laureston Terrace Douglas
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    Laureston Terrace Douglas
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    Laureston Terrace Douglas
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    Laureston Terrace Douglas

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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

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  • 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
Laureston Terrace Douglas
Isle Of Man IM2 5DH
Sale Type: Sold STC
Ref #: GEA1320
Sally Brennan
Grays Estate Agents
P: 07868957785