Studio Flat For Sale £135,000
Well presented modern purpose built first floor studio apartment located just off Douglas Promenade within close proximity to the town centre, business district and beach.
Currently tenanted to a high quality professional tenant paying £675pcm, with vacant possession available from early December 2023.
Summary - A property that may appeal to first time buyers and investors, Palace View is a well presented modern purpose built first floor studio apartment located just off Douglas Promenade within close proximity to the town centre, business district and beach.
Approaching 420 square feet in size, this is a well proportioned studio apartment, and is generally 20%-25% larger than the equivalent studio when compared on a like for like basis for those available within the Spectrum apartment block located further along the promenade.
The building itself is of modern construction, with a modern lobby space including secure entrance door, individual buzzer system and lift access. Apartment 4 can be found up one flight of stairs on the first floor. A large Entrance Hall provides plenty of space for coats and shoes. Directly opposite the Studio Room is professionally partitioned off from the Bedroom, to provide the separation of a traditional one bedroom flat, however with an opening opposed to a door.
Two large windows in the Lounge Diner ensure the room is light and bright. Generously proportioned there is enough space of sofas and dining or work from home space, which is complemented by fibre broadband connectivity. A storage cupboard houses a pressurised water cylinder as well as also providing further functional storage space. Off the Lounge a door leads to the Kitchen equipped with washing machine, free standing fridge freezer, 1.5 sink basin and drainer as well as an electric oven, hob and cooker hood. Each of the appliances is included within the sale. Shaker style wall and base units and a contrasting counter top provides ample working and storage space within the Kitchen.
An opening from the Lounge leads to the partitioned sleeping area, with built in wardrobes and enough space for a double bed. Located off the Hallway is a modern Bathroom with a bath with shower over, pedestal wash basin and WC.
The property is currently let to a professional tenant until early December 2023 who is currently paying £675pcm in rent, which would generate a gross yield of 6%. The property is also let without the use of the car parking space, meaning that a high yield could be achieved by an investor.
For somebody wishing to occupy the property it is conveniently being offered for sale with no onward chain, and vacant possession from early December.
Additional Information - - Electric Storage Heating
- Double Glazed
- Secure Entry System
- LIft Access
- Occupied by a Professional Tenant paying £675pcm (open to extending lease)
- Vacant Possession Available Early December 2023
- Rates (inc Water) - £703.19 (23/24)
- Annual Management Fee - £608.18 (23/24)
- Annual Ground Rent - £10
Directions - Travelling along Douglas Promenade from the sea terminal continue past both roundels, taking a left turn immediately after passing the Palace Hotel onto Palace View Terrace and the building can be found behind Queens Apartments on the right hand side.
Currently tenanted to a high quality professional tenant paying £675pcm, with vacant possession available from early December 2023.
Summary - A property that may appeal to first time buyers and investors, Palace View is a well presented modern purpose built first floor studio apartment located just off Douglas Promenade within close proximity to the town centre, business district and beach.
Approaching 420 square feet in size, this is a well proportioned studio apartment, and is generally 20%-25% larger than the equivalent studio when compared on a like for like basis for those available within the Spectrum apartment block located further along the promenade.
The building itself is of modern construction, with a modern lobby space including secure entrance door, individual buzzer system and lift access. Apartment 4 can be found up one flight of stairs on the first floor. A large Entrance Hall provides plenty of space for coats and shoes. Directly opposite the Studio Room is professionally partitioned off from the Bedroom, to provide the separation of a traditional one bedroom flat, however with an opening opposed to a door.
Two large windows in the Lounge Diner ensure the room is light and bright. Generously proportioned there is enough space of sofas and dining or work from home space, which is complemented by fibre broadband connectivity. A storage cupboard houses a pressurised water cylinder as well as also providing further functional storage space. Off the Lounge a door leads to the Kitchen equipped with washing machine, free standing fridge freezer, 1.5 sink basin and drainer as well as an electric oven, hob and cooker hood. Each of the appliances is included within the sale. Shaker style wall and base units and a contrasting counter top provides ample working and storage space within the Kitchen.
An opening from the Lounge leads to the partitioned sleeping area, with built in wardrobes and enough space for a double bed. Located off the Hallway is a modern Bathroom with a bath with shower over, pedestal wash basin and WC.
The property is currently let to a professional tenant until early December 2023 who is currently paying £675pcm in rent, which would generate a gross yield of 6%. The property is also let without the use of the car parking space, meaning that a high yield could be achieved by an investor.
For somebody wishing to occupy the property it is conveniently being offered for sale with no onward chain, and vacant possession from early December.
Additional Information - - Electric Storage Heating
- Double Glazed
- Secure Entry System
- LIft Access
- Occupied by a Professional Tenant paying £675pcm (open to extending lease)
- Vacant Possession Available Early December 2023
- Rates (inc Water) - £703.19 (23/24)
- Annual Management Fee - £608.18 (23/24)
- Annual Ground Rent - £10
Directions - Travelling along Douglas Promenade from the sea terminal continue past both roundels, taking a left turn immediately after passing the Palace Hotel onto Palace View Terrace and the building can be found behind Queens Apartments on the right hand side.
