Castle Street, Douglas
Asking price: £399,000

An exceptional opportunity awaits to acquire this fully occupied mixed-use investment property ideally positioned on Castle Street in Douglas.

Comprising a ground floor retail space and two one bedroom flats on the upper levels, this property offers a diverse income stream.

The retail unit is currently leased to Golden Orchid jewellers on a one year lease, generating an annual rental income of £19,500. Spanning 470 sq ft, the unit features a retail area, kitchenette, and WC.

Flat 1 comprises a lounge, shower room, kitchen, and bedroom. Currently, it is occupied under a rolling one month lease, yielding £550 per month. The current tenant has resided there since June 2023.

Flat 2 comprises a lounge, bathroom, kitchen, and two bedrooms. Similarly, it is leased under a rolling one month lease, generating £700 per month. The existing tenant has occupied the space since May 2023.

Each unit is self-contained, ensuring autonomy and convenience for occupants.