Prospect Hill, Douglas
Asking price: £325,000

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8 Prospect Hill, Douglas

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  • Prime central location
  • Set over 4 floors
  • Rental income: £22,500 per annum when fully let
  • Potential to be converted into apartments, subject to planning consents

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.



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Location

Prospect Hill
Douglas IM1 1EJ
County: Iom
Ref #: DR2773
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere