Clifton Terrace, Douglas
Asking price: £649,000

An opportunity has arisen to acquire a freehold residential investment in the heart of Douglas, offering six self-contained apartments, all of which are currently tenanted. Perfectly located close to the city centre, shops, and local amenities, this property combines convenience with strong rental potential.

At present, the investment generates an annual rental income of £49,980. Beyond the immediate income, there is considerable potential for future rental growth, providing an attractive gross yield that makes this property a compelling prospect for investors seeking reliable returns.

The property has recently undergone significant improvements, including the installation of a new roof, refurbishment of the back annexe roof in 2024, and a freshly painted exterior and communal areas, Flats 2 and 3 fully refurbished in 2025, ensuring it is both well-maintained and visually appealing.