For Sale
Prospect Hill, Douglas
Overview
- Commercial
- 0
- 0
Description
- Prime central location
- Set over 4 floors
- Rental income: £22,000 per annum when fully let
- Potential to be converted into apartments, subject to planning consents
An opportunity to purchase an attractive freehold commercial investment in an excellent central position on Prospect Hill, Douglas opposite Athol Street. The building comprises ground floor and lower ground floor retail with three floors of offices above that produces an annual rental income of per annum when fully let, reflecting a 6.47% yield.
Ground floor is tenanted by Newbys Newsagents. First, second and third floors are vacant.
Rental income: £9,500 per annum with a potential of £22,000 per annum when fully let.
Upper floors serviced by gas and all are separately metered.
Potential to be converted into two apartments.
Fire alarm system throughout and regularly serviced.
Property Documents
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Details
Updated on June 14, 2023 at 2:33 pm- Property ID: DR2773
- Price: Asking price: £325,000
- Bedroom: 0
- Bathroom: 0
- Property Type: Commercial
- Property Status: For Sale
Additional details
- Prime central location:
- Set over 4 floors:
- Rental income: £22,000 per annum when fully let:
- Potential to be converted into apartments, subject to planning consents:
Address
Open on Google Maps- Address Prospect Hill
- Area Douglas
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