Mona Terrace, Douglas, Isle Of Man
Asking price: £850,000

An excellent investment opportunity to purchase a fully let investment of eight apartments. Six apartments are located at 7 Mona Terrace in this sought after area of Douglas and two apartments are located in Bolton, UK.

All apartments are owned by an Isle of Man Limited Company which will be included as part of the sale.

Set over 5 floors, 7 Mona Terrace comprises of 6 x 1 bedroom apartments, small store, laundry room, large front garden and rear yard. Apartments are serviced by electric heaters and are on electric key meters. The property is well maintained and fire regulations are up to date. Property is regularly serviced and tenants are on 6 month leases. Freehold apartments.

Sale includes two 2 bedroom apartments located in Bolton, approximately one mile distant to the hospital and the university with British Railway Station nearby and access to the motorway network about half a mile. Easy access to Manchester and surrounding districts.

Apartment numbers 311 & 312 are on the third storey of a four storey block of sixteen apartments. There are three such blocks on a cul-de-sac estate built by the same developer. Other properties on the estate are detached, semi-detached and blocks of three houses.

The end block apartments have windows to the side overlooking the car park and woodland. They benefit from Juliet balconies and have been finished to a high standard. Each property has an allocated parking space.

The properties are managed by a local agency and have been let to the same tenants since being purchased new in 2011. Leasehold apartments with 110 years remaining.