Prospect Hill, Douglas
Asking price: £325,000

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. First, second and third floors are vacant.

Rental income: £9,500 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.