10 Prospect Hill, Douglas
Asking price: £275,000

Request a Viewing

10 Prospect Hill, Douglas, Isle of Man

New Property
  • Photo 19
    Photo 19
  • Photo 20
    Photo 20
  • Photo 21
    Photo 21
  • Photo 18
    Photo 18
  • Photo 17
    Photo 17
  • Photo 16
    Photo 16
  • Photo 15
    Photo 15
  • Photo 14
    Photo 14
  • Photo 12
    Photo 12
  • Photo 13
    Photo 13
  • Photo 7
    Photo 7
  • Photo 9
    Photo 9
  • Photo 6
    Photo 6
  • Photo 4
    Photo 4
  • Photo 2
    Photo 2
  • Photo 3
    Photo 3
  • Photo 5
    Photo 5
  • Photo 10
    Photo 10

Please enter your starting address in the form input below.
Please refresh the page if trying an alternate address.



  • Commercial investment opportunity
  • Ground floor former hair salon
  • 3 office suites on upper floors
  • Prime central location
  • Potential gross rental income: £20,000 per annum
  • Gross yield: 7.27% when fully let

Attractive opportunity to purchase a freehold office building in an excellent central position on Prospect Hill, Douglas opposite Athol Street. The building comprises of a former hair salon on the basement and ground floor, with three floors of offices above that has potential to produce an annual rental income of £20,000 per annum when fully let, reflecting a gross yield of 7.27%.

Basement, ground floor, first floor and second floors are vacant. Third floor is tenanted on a 1 year lease achieving a rental income of £3,120 per annum.

The property has been partially refurbished to include the installation of uPVC windows and the redecoration of the office space.

Total NIA 1,508 sq ft.


Location

The property is located in the heart of the prime financial district within Douglas convenient for the Government buildings and shopping facilities of central Douglas.

Accommodation

Ground Floor + Basement
Fully refurbished hair salon - 562 sq ft.

First Floor
Two offices with kitchenette and private WC - 300 sq ft.

Second Floor
Two offices with kitchenette and shared WC - 336 sq ft.

Third Floor
Office with kitchenette and shared WC - 310 sq ft.

Services

Mains services are connected.

Possession

Sold subject to existing tenancies and on completion of all legal formalities.

Viewing

Strictly by prior appointment through the Agents, Chrystals Commercial.


0    0    0

Location

10 Prospect Hill
Douglas IM1 1EG
County: Isle Of Man
Ref #: C2054a
Darrel Tinnion
Chrystals Douglas
P: 01624 625100
TPO TSI RICS OnTheMarket Isle Man Chamber of Commerce Biosphere