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
Click to enlarge
- 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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Isle Of Man IM5 1BA