5 bed block of flats for sale

Victoria Road, Isle Of Man, 4 IM2

A rare opportunity to acquire a freehold block comprising three self-contained apartments in the heart of Douglas. The property is part-renovated and requires completion, presenting an excellent investment or resale opportunity once works are finalised.

Flat 1 (Ground Floor): 1-bedroom apartment with bathroom and open-plan kitchen/living/dining space.

Flat 2 (First Floor): 2-bedroom apartment with bathroom and open-plan kitchen/living/dining space.

Flat 3 (Second Floor): 2-bedroom apartment with bathroom and open-plan kitchen/living/dining space.

Communal stairwell providing access to all floors.

Renovation works are well-advanced, with much of the property brought to second/final fix stage including electrics and plumbing.

Rental Values (on completion)

1-bed: £1,000 – £1,100 pcm

2-beds: £1,300 – £1,400 pcm each

Gross annual income potential: £43,200 – £46,800

Indicative gross yield: 8.5% – 9.0% once complete