6 bed property for sale

Princes Street, Douglas IM1

Attention Investors – An exciting opportunity exists to purchase the entire block which includes the freehold title of this modern, purpose-built, flatted development set in central Douglas next to the heart of the city's financial and retail sectors. It comprises 3x two-bedroomed apartments, each with a corresponding large double garage and a communal entrance hallway and stairwell. Projected annual income is circa £40k providing a gross yield of 5.5%.

Apartment 1

A modern and fresh two-bedroom apartment of approx. 885 sq ft (see floorplan). Both double bedrooms have ensuite bathrooms. The large open-plan lounge and kitchen has a Juliet balcony and there is a double garage with an up-and-over remote control door.

Apartment 2

Also a two-bedroom apartment of approx. 600 sq ft with an open-plan lounge/kitchen with Juliet balcony, bathroom with shower over, and a double garage.

Apartment 3

A further two bedroom apartment of approx. 600 sq ft with an open-plan lounge/kitchen with Juliet balcony, bathroom with shower over, the wide hall currently being utilised as additional bedroom space and there is a double garage.

The current owner has agreed to paint the internal common areas of the building and the external walls in colours chosen by the buyer prior to sale completion.

Location

From the Sea Terminal continue into Lord Street. Turn right into Ridgeway Street. Turn left onto Prospect Hill passing the Tynwald Parliament Building. Princes Street is 5th turning on the left. No.2 is on the right side.