Market Hill, Douglas
Asking price: £395,000

Don't miss out on this exceptional opportunity to acquire a versatile mixed-use investment property ideally positioned on Market Hill in Douglas. Spanning five floors, this property offers a compelling investment prospect.

The main feature of this property is a charming restaurant spread across four floors, providing a captivating dining experience. With ample space for patrons, the restaurant boasts three floors dedicated to dining, including a designated area for functions. Additionally, it includes a well-equipped kitchen and a basement for convenient storage purposes.

On the top floor, a generously sized apartment awaits, offering comfortable living quarters. The apartment comprises a spacious lounge seamlessly integrated with an open-plan kitchen, a bedroom, and a well-appointed bathroom.

Currently, both units are leased to Full Moon Thai, ensuring a steady income stream since June 2022. The lease extends for a duration of 10 years, with a 5-year break clause. Rental income stands at £30,000 per annum, subject to rent reviews on the 2nd, 4th, and 7th anniversaries, ensuring a minimum increase of 10%. Notably, the tenant is responsible for rates and building insurance, further enhancing the investment appeal of this property.