Positioned in a convenient and well-established residential area of Douglas, this end-terrace property presents an excellent freehold investment opportunity, offered with or without tenants in situ and producing an immediate rental income from two separate duplex flats.
The property has been converted into two self-contained flats, each with its own private entrance, creating a well-structured investment with established rental returns.
Flat One offers generous accommodation comprising five bedrooms and two bathrooms, currently achieving a rental income of £1,350 per calendar month.
Flat Two comprises three bedrooms and two bathrooms, and is currently let at £935 per calendar month.
Combined, the property generates a total rental income of £2,285 per month, equating to £27,420 per annum. This epresents an attractive gross yield of approximately 7.5%.
Situated on Demesne Road, the property is within easy reach of Douglas town centre, local schools, shops and public transport links. Douglas Promenade, the business district and a wide range of amenities are all within walking distance, supporting strong and consistent tenant demand in the area.
The property is offered freehold, with the benefit of tenants already in place, allowing for immediate income from completion.
Due to the nature of the property, the sale is open to cash buyers only.
This is a strong opportunity to acquire a centrally located, income-producing freehold investment with an attractive yield in one of Douglas’ most convenient residential locations.
Inclusions
All fitted floor coverings, blinds, and light fittings
Appliances
Oven and 4 ring hob, fridge freezer, dishwasher, washing machine
Tenure
Freehold
Rates
Treasury tel - 01624 685661 and Douglas Borough tel - 01624 696347
Heating
Gas
Windows
uPVC double glazing
