Peel Road, Douglas
Asking price: £415,000

29 Peel Road, Douglas

Sold STC
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  • Situated in central Douglas
  • Annual rental income of £33,360
  • 8.03% gross yield
  • Two parking spaces

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.



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Location

Peel Road
Douglas IM1 4LU
County: Iom
Sale Type: Sold STC
Ref #: DR4498
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere M