6 Bed Flat, Single Let, IM1 1BD £725,000

• Entire apartment block for sale +
• Set in central Douglas +
• 3x two-bedroom apartments +
• 3x double garages - 1 per apartment +
• Excellent condition throughout +
• Projected income circa £40k pa +
• Projected gross yield 5.5% +

Attention Investors – An exciting opportunity exists to purchase the entire block which includes the freehold title of this modern, purpose-built, flatted development set in central Douglas next to the heart of the city's financial and retail sectors. It comprises 3x two-bedroomed apartments, each with a corresponding large double garage and a communal entrance hallway and stairwell. Projected annual income is circa £40k providing a gross yield of 5.5%. Apartment 1 A modern and fresh two-bedroom apartment of approx. 885 sq ft (see floorplan). Both double bedrooms have ensuite bathrooms. The large open-plan lounge and kitchen has a Juliet balcony and there is a double garage with an up-and-over remote control door. Apartment 2 Also a two-bedroom apartment of approx. 600 sq ft with an open-plan lounge/kitchen with Juliet balcony, bathroom with shower over, and a double garage. Apartment 3 A further two bedroom apartment of approx. 600 sq ft with an open-plan lounge/kitchen with Juliet balcony, bathroom with shower over, the wide hall currently being utilised as additional bedroom space and there is a double garage. The current owner has agreed to paint the internal common areas of the building and the external walls in colours chosen by the buyer prior to sale completion.