£509,000
5 bed block of flats for saleLaureston Terrace, Isle Of Man, 5 IM2
5 beds
4 baths
4 receptions
- Freehold
Grays Estate Agents
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About this property
Superb investment opportunity
Central Douglas location
The block has been regulary maintained
1 x Retail unit & 3 x Apartments
Units individually metered and separate gas fired boilers
7.80% Gross investment yield
Current rent of £39,600 per annum
A great opportunity to acquire a mixed use commercial property situated in a well established central location in the heart of Douglas. The property has 3 apartments and a retail unit when fully let producing £39,600 per annum reflecting a 7.80% investment yield. The property has been regularly maintained and presented in good order throughout. Each unit is separately metered and have individual gas fired boilers.
Current rental breakdown
Lower Ground Floor - 1 Bedroom flat - £725pcm
Ground Floor - Retail unit - £900pcm
First Floor - 2 Bedroom flat - £850pcm
Second Floor - 2 Bedroom flat - £825pcm
Total Rent £39,600 per annum
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