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An opportunity to purchase an attractive freehold commercial investment in an excellent central position on Prospect Hill, Douglas opposite Athol Street. The building comprises ground floor and lower ground floor retail with three floors of offices above that produces an annual rental income of per annum when fully let, reflecting a 6.47% yield.
Ground floor is tenanted by Newbys Newsagents. Second and third floors are tenanted by Menzone. First floor has recently become vacant.
Rental income: £19,500 per annum with a potential of £22,000 per annum when fully let.
Upper floors serviced by gas and all are separately metered.
Potential to be converted into two apartments.
Fire alarm system throughout and regularly serviced.
T: 01624 623778
T: 01624 833903
T: 01624 625300
T: 01624 625100
Registered Office: Chrystal Bros. Stott & Kerruish Ltd. T/A Chrystals, 31 Victoria Street, Douglas, Isle of Man IM1 2SE
Registered in the Isle of Man No. 34808 | VAT Registration Number: 001090349
Directors: Shane Magee MRICS, Neil Taggart MRICS, Joney Kerruish MRICS & Dafydd Lewis MRICS