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Douglas Street, Peel, Isle Of Man £430,000

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A superb investment opportunity situated in the heart of Peel commanding a prominent high street location. The property is presented in good order throughout, with areas of modernisation required. The property is split over 4 floors. On the ground floor there are 2 retail units, with a rear store room, WC and access to a basement room. A two storey separate workshop / store room is located at the back of the property providing further potential for additional retail / office space. On the first and second floor are two spacious 2 bed apartments with separate sitting room, kitchen/diners, and bathroom. There is potential to convert the property into office space with allocated parking situated at the rear. The property has potential of an annual rental of £34,000 per annum

Ground Floor
Retail Unit 1 with rear store room
Retail Unit 2 with WC and basement room
Potential to join both units together.
2 Storey storage unit potential for conversion to additional accommodation

First Floor
2 Bedroom apartment with separate sitting room, kitchen/diner and shower room 

Second Floor 
2 Bedroom apartment with separate sitting room, kitchen/diner and shower room 

Outside 
Off road parking for 3 cars accessed via public car park

Inclusions - Fitted floor coverings, fixtures/fittings, light fittings

Appliances - All integrated appliances

Heating - Gas

Tenure - Freehold - Can be sold with vacant possession


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  • Superb investment opportunity
  • Prominent high street location
  • 2 x Retail units and 2 x Converted apartments
  • Basement room
  • Car parking at the rear for 3 cars
  • Potential rental of £34,000 per annum
  • Gross All Risks Yield (ARY) of 7.9%
  • 2 Storey rear workshop and store

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Douglas Street Peel
Isle Of Man IM5 1BA
Sale Type: For Sale
Ref #: GEA1491
Ciaran Gray
Grays Estate Agents
P: 01624 678876