Studio Flat For Sale £399,000
An opportunity to acquire a freehold residential investment property comprising four self-contained apartments close to the centre of Douglas.
Property is well maintained and fully tenanted. Annual rental income of £26,780 per annum. Potential for growth with the renovation of the store area converted into a studio or one bedroom apartment, subject to planning consents. This would increase the rent to £33,980 per annum, reflecting a gross yield of 8.51%.
Parking space at the rear.
Tenure: Freehold
