Laureston Terrace, Douglas
Asking price: £489,000

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5 Laureston Terrace, Douglas

New Property
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  • Block of 4 flats
  • Rental income: £32,100 per annum
  • 6.75% gross yield
  • Parking at the rear for 2 cars

A freehold residential investment opportunity comprising four self-contained apartments close to the centre of Douglas that produces an annual rental income of £32,100 per annum, reflecting a gross yield of 6.75%.

Property benefits from a communal laundry room and 2 parking spaces at the rear. It has undergone renovations with a new roof installed in 2019, new carpets throughout communal areas and flats, new insulation in the loft space and new bathrooms installed in flats 2 & 4. Each flat is serviced by gas and all serviced up to date.



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Location

Laureston Terrace
Douglas IM2 5DH
County: Iom
Sale Type: For Sale
Ref #: DR2959
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere