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A superb investment opportunity offering a fully tenanted freehold block comprising four self-contained flats - one one-bedroom flat and three two-bedroom flats. The property is currently generating a total annual rental income of £33,360, delivering a strong gross yield of 8.03%, with clear potential for future rent growth.
Each flat is serviced by gas, and the property further benefits from four storage units and two parking spaces located at the rear. Situated within walking distance of the city centre and local amenities, this well-positioned block offers a solid and attractive proposition for investors seeking reliable returns and long-term growth potential.
Residential Sales
T: 01624 623778
E: douglas@chrystals.co.im
Residential Sales
T: 01624 833903
E: porterin@chrystals.co.im
T: 01624 625300
E: douglasrentals@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: commercial@chrystals.co.im
T: 01624 625100
E: rural@chrystals.co.im
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: Neil Taggart MRICS, Joney Kerruish MRICS & Dafydd Lewis MRICS
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