Marathon House, 2 Drury Terrace, Douglas

  • £719,950
Marathon House, 2 Drury Terrace, Douglas

Overview

  • Investment
  • Property Type
  • 0
  • Bedroom
  • 0
  • Bathroom

Description

Key Features

  • Rare opportunity to purchase this immaculate HMO which has recently obtained all
    certification required to run as a fully compliant HMO to current Regulations.
  • 12 rooms with a maximum occupancy level of 21 tenants. The whole property is
    currently accessed via Ambiance digital card access system which is controlled by the
    Management, although a new owner would need to take out an account with
    Dormakaba – the supplier.
  • Mainly en-suite with a mix of single and double rooms.
  • Vacant room on the 5th floor which could be used as an office.
  • Communal lounge, kitchen, bathrooms, laundry room (separate washing
    machines/dryers) charged via a digital coin meter.
  • New Worcester Combi boiler, new megaflo water tank.
  • Current Gross Income – approximately £70k pa.
  • Fabulous location just minutes’ walk from Douglas Promenade and within easy
    walking distance of shops, convenience stores & takeaways.

Overview

DESCRIPTION
This modernised HMO offers light, clean, newly
decorated rooms with new and modern
communal kitchen and bathrooms. Currently the
letting rooms are arranged over 4 storeys. The
washing machines, dryers, boiler and megaflo
are also less than 1 year old. The building has its
Certificate of Registration (dated February 22),
it’s Fire Certificate (dated December 21) and
Certificate of Lawful Use (20/00646/LAW).
LOCATION
Travelling along Douglas Promenade, pass the
Gaiety/Villa Marina Complex and turn left at the
roundel onto Broadway. Continue through the
traffic lights past Clifton Terrace onto the next
block which is Drury Terrace. The property is
named, and on your left hand side.

Details

Updated on June 18, 2023 at 11:51 pm
  • Price: £719,950
  • Bedroom: 0
  • Bathroom: 0
  • Property Type: Investment
  • Property Status: Available
  • Address Marathon House, 2 Drury Terrace, Douglas

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