2 Castle Street, Douglas

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.