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11 Mona Street, Douglas Asking price: £250,000

New
Sold STC
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  • Residential investment property
  • 3 self-contained apartments plus an annexe
  • Garage at the rear of property
  • Close to Douglas town centre
  • Projected rental income: £23,400 per annum
  • In need of renovation and modernisation

An opportunity to acquire a residential investment property comprising of 3 flats and an annexe, with a garage to the rear. The property is in need of modernisation and renovation.

Flats 1, 2 and the annexe are vacant. Flat 3 is tenanted.

Projected rental income: £23,400 per annum, giving a potential yield of 12%.


Location

The property is located on Mona Street close to Buck’s Road, a main arterial route into the town from the direction of Onchan and the north. This area is a short walk from the Commercial and Retail Centres.

Accommodation

The property comprises three flats with a rear yard and large double garage. There is also a spare room on the first floor that is unallocated to a flat at present, providing opportunity for a further bedroom or storage space.

Tenure

The property is to be sold Freehold subject to the tenancies.

Inventory

Inventories of the landlords’ installations and furnishings will be supplied prior to exchange of contracts.

Possession

Possession is subject to the existing tenancies and on completion of legal formalities.

Viewing

Strictly by prior appointment through the Agents, Chrystals Commercial.


11 Mona Street
Douglas IM1 2QE
County: Isle of Man
Sale Type: Sold STC
Ref #: DR2467

P: 01624 625100
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