Please enter your starting address in the form input below.
Please refresh the page if trying an alternate address.
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.
T: 01624 623778
T: 01624 833903
T: 01624 625300
T: 01624 625100
Registered Office: Chrystal Bros. Stott & Kerruish Ltd. T/A Chrystals, 31 Victoria Street, Douglas, Isle of Man IM1 2SE
Registered in the Isle of Man No. 34808 | VAT Registration Number: 001090349
Directors: Shane Magee MRICS, Neil Taggart MRICS, Joney Kerruish MRICS & Dafydd Lewis MRICS