2 Castle Street, Douglas

  • Asking price: £399,000

Overview

  • Commercial
  • Property Type
  • 0   
  • Bedroom
  • 0   
  • Bathroom

Description

  • Fully let mixed use investment
  • Ground floor retail unit and two flats
  • Rent: £35,000 per annum
  • 8.77% gross yield

A unique opportunity has arisen to purchase this fully let mixed use investment property situated in a prime position on Castle Street in Douglas.

The property comprises of a ground floor retail unit and two one bedroom flats on the upper floors.

Retail unit is tenanted by the Golden Orchid jewellers on a 1 year lease achieving a rental income of £20,000 per annum. Unit comprises of a ground floor retail area, kitchenette and WC. 470 sq ft

Flat 1 is a one bedroom flat and comprises of a lounge, shower/wc, kitchen and bedroom. Tenanted on a 1 month rolling lease achieving £550 per month. Tenant has been in situ since June 2023.

Flat 2 is a two bedroom flat and comprises of a lounge, bathroom, kitchen and two bedrooms. Tenanted on a 1 month rolling lease achieving £700 per month. Tenant has been in situ since May 2023.

All units are self contained. Rent: £35,000 per annum reflecting a 8.77% gross yield.

Details

Updated on January 29, 2024 at 8:03 pm
  • Property ID: DR3705
  • Price: Asking price: £399,000
  • Bedroom: 0   
  • Bathroom: 0   
  • Property Type: Commercial
  • Property Status: For Sale

Address

  • Area Douglas

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