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Derby Square, Douglas, Isle Of Man £600,000

Under Offer
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A superb opportunity to acquire a block of 4 apartments, garage with store/office over, kitchen and WC which has been meticulously renovated to a high standard throughout, providing a low maintenance investment. The property is situated in one of the Islands most sought after Victorian Squares enjoying fantastic views both front and rear, and has the additional benefit of a rear access lane to self contained garage/office. The property has been stripped back and renewed offering 4 x 1 bed apartments with modern kitchen and bathroom suites. There is a communal laundry room with washers and dryers separately metered to each apartment. Each apartment also has the benefit of an additional store room.

At the rear of the property there is a double garage with office/store above accessed via an internal stairwell off the kitchen. The property has potential to produce in the region of £45,000 per annum a Gross Yield of 7.5%

Inclusions - Fitted floor coverings - Light fittings

Appliances - All integrated appliances

Heating / Hot water - Electric heaters and hotwater cylinder

Tenure - Freehold


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  • Superb investment opportunity
  • Fully renovated block of apartments with separate double garage, office/store
  • Gross Yield of circa 7.5%
  • Sought after location close to town centre, promenade and beach
  • Fantastic views front and rear
  • Modern apartments refurbished to a high standard
  • Modern Kitchen and Bathrooms throughout
  • Separate laundry room separately metered to individual apartments
  • Storage cupboard for each apartment
  • All apartments are fully let
Derby Square Douglas
Isle Of Man IM1 3LP
County: Iom
Sale Type: Under Offer
Ref #: GEA1576
India Sykes
Grays Estate Agents
P: 07624339430