Castle Street, Douglas
Asking price: £365,000

Request a Viewing

2 Castle Street, Douglas

Updated
  • Exterior
    Exterior
  • Exterior
    Exterior
  • Flats Communal Hallway
    Flats Communal Hallway
  • Flat 1
    Flat 1
  • Flat 1
    Flat 1
  • Flat 1
    Flat 1
  • Flat 1
    Flat 1
  • Flat 1
    Flat 1
  • Flat 1
    Flat 1
  • Flat 2
    Flat 2
  • Flat 2
    Flat 2
  • Flat 2
    Flat 2
  • Flat 2
    Flat 2
  • Flat 2
    Flat 2
  • Flat 2
    Flat 2
  • Flat 2
    Flat 2

Please enter your starting address in the form input below.
Please refresh the page if trying an alternate address.



  • Fully let mixed use investment
  • Ground floor retail unit and two flats
  • Rent: £35,000 per annum
  • 9.58% gross yield

An exceptional opportunity awaits to acquire this fully occupied mixed use investment property, ideally positioned on Castle Street in Douglas. The property comprises a ground floor retail unit and two one-bedroom flats on the upper levels, offering a diverse income stream.

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

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

Flat2 includes a lounge, bathroom, kitchen, and two bedrooms. It is also 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. This property represents a compelling investment with stable tenancies and a robust rental yield.



0    0    0

Location

Castle Street
Douglas IM1 2EU
County: Iom
Sale Type: For Sale
Ref #: DR3705
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere