2 Marathon Terrace Queens Promenade, Douglas Asking price: £270,000

INVESTMENT OPPORTUNITY

An excellent opportunity to purchase a fully tenanted property in an excellent position on Douglas Promenade.

The property has been converted into two separate properties. Both properties are tenanted on one year rollover leases.

The property consists of:

2 Marathon Terrace (3 Bedroom)

Living room/Dining room 421 sq ft, Balcony/Terrace, kitchen 118 sq ft, rear yard, basement 356 sq ft, WC, bathroom/shower 98 sq ft, bedroom 1 199 sq ft, bedroom 2 116 sq ft and bedroom 3 163 sq ft.

2A Switzerland Road (2 Bedroom)

Living room 176 sq ft, kitchen 120 sq ft, shower room 53 sq ft, bedroom 1 94 sq ft and bedroom 2 300 sq ft with en-suite bathroom 53 sq ft.

Annual rental income: £20,400. Yield 7.55%