Castle Street, Douglas
Asking price: £399,000

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2 Castle Street, Douglas

  • 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

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  • Fully let mixed use investment
  • Ground floor retail unit and two flats
  • Rent: £34,500 per annum
  • 8.64% gross yield

A unique opportunity has arisen to purchase this fully let mixed use investment property situated in a prime position on Castle Street in Douglas.

The property comprises of a ground floor retail unit and two one bedroom flats on the upper floors.

Retail unit is tenanted by the Golden Orchid jewellers on a 1 year lease achieving a rental income of £19,500 per annum. Unit comprises of a ground floor retail area, kitchenette and WC. 470 sq ft

Flat 1 is a one bedroom flat and comprises of a lounge, shower/wc, kitchen and bedroom. Tenanted on a 1 month rolling lease achieving £550 per month. Tenant has been in situ since June 2023.

Flat 2 is a two bedroom flat and comprises of a lounge, bathroom, kitchen and two bedrooms. Tenanted on a 1 month rolling lease achieving £700 per month. Tenant has been in situ since May 2023.

All units are self contained. Rent: £34,500 per annum reflecting a 8.64% gross yield.



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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