Mona Terrace, Douglas, Isle Of Man
Asking price: £725,000

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7 Mona Terrace, Douglas

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  • 7 Mona Terrace, Douglas
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    7 Mona Terrace, Douglas

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  • 6 x 1 bedroom apartments
  • Well maintained property
  • Rental income: £49,920 per annum
  • Gross yield 6.88%

This is a rare chance to acquire a fully let investment property in a highly desirable area of Douglas. Set over five floors, 7 Mona Terrace features six one-bedroom apartments, a small store, a laundry room, a spacious front garden, and a rear yard. The apartments are equipped with electric heaters and operate on electric key meters for convenience.

The property complies with all fire regulations, which are serviced annually, ensuring peace of mind for both the landlord and tenants. Each apartment is currently let on six-month leases, offering a consistent and reliable income stream.

As a freehold property, this investment provides long-term flexibility and value. Don't miss the opportunity to secure this income-generating property in such a sought-after location. Contact us today for further details or to arrange a viewing.



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Location

Mona Terrace Douglas
Isle Of Man IM1 3NA
County: Iom
Sale Type: For Sale
Ref #: DR2754
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere