Douglas Street, Peel, Isle Of Man £395,000

We are pleased to present to you a unique opportunity to acquire a prime property located on the main high street in the heart of town. This property comprises two shops with an estimated value of £60k each, two modern 2-bedroom apartments worth £180k each, and a separate two-storey workshop/store room at the back of the property that provides potential for additional retail/office space if sold separately.

This property is currently listed for £395k, which is a great opportunity to acquire a highly valued property at a great price. With an estimated worth of £480k. In addition to its value, this property has the potential to generate a substantial rental income of £34k per annum, which translates into a gross all risks yield (ARY) of 7.9%. This property offers a potential return on investment that is hard to come by in the current market.

The property is situated in a highly desirable location on the local high street of Peel, which is a hub of activity with plenty of footfall from both locals and tourists alike. Its proximity to various amenities, including shops, restaurants, and public transportation, makes it a highly sought-after location for businesses and residents.

The property also includes parking for up to 3 cars, which is a great bonus for tenants or business owners who need easy access to the property.

Overall, this is a fantastic investment opportunity that offers excellent potential for return on investment. Whether you are looking for a long-term investment or a property to generate rental income, this property is a must-see. Don't miss out on the chance to own a prime property on the high street with great potential for growth.

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

Appliances - All integrated appliances

Heating - Gas

Tenure - Freehold - Can be sold with vacant possession

https://w3w.co/vine.shaver.yell