3 High Street, Port St. Mary

  • Asking price: £430,000
High Street, Port St. Mary

Overview

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

Description

  • Mixed use investment property
  • Potential rental income of £36,000 per annum when fully let
  • Two retail units and 2 x two bedroom flats
  • Situated close to the centre of Port St Mary village

An opportunity has arisen to acquire a good sized mixed use freehold property comprising of two retail units and 2 x 2 bedroom flats.

The two retail units are connected via a corridor at the rear and were former beauty treatment rooms. They comprise of three treatment rooms, two shower/wet rooms and a WC. Potential to be used for a variety of purposes and are situated close to the centre of Port St Mary village. Both units are vacant.

The upper floors comprise of 2 x 2 bedroom flats with their own access. The flats benefit from a lounge, 2 bedrooms, kitchen, WC and shower room. Flat 1 is vacant and flat 2 is tenanted achieving £625 per month. Potential for rent growth with modernisation.

Potential rental income of £36,000 per annum when fully let, with a potential 8.37% yield.

Property Documents

external-23

Details

Updated on June 14, 2023 at 2:33 pm
  • Property ID: DR3134
  • Price: Asking price: £430,000
  • Bedroom: 0   
  • Bathroom: 0   
  • Property Type: Commercial
  • Property Status: For Sale

Additional details

  • Mixed use investment property:
  • Potential rental income of £36,000 per annum when fully let:
  • Two retail units and 2 x two bedroom flats:
  • Situated close to the centre of Port St Mary village:
  • Address High Street
  • Area Port St. Mary

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