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

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.