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Laureston Terrace, Douglas, Isle Of Man £450,000

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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 £34,500 per annum reflecting a 7.66% 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 - £675pcm + rates
First Floor - 2 Bedroom flat - £850pcm
Second Floor - 2 Bedroom flat - £750pcm

Total Rent £34,500 per annum


Heating - Gas 

Tenure - Freehold


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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 £34,500 per annum
  • 7.66% Gross investment yield
  • Units individually metered and separate gas fired boilers

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