Flat for sale in Douglas Street, Peel, Isle Of Man IM5

£395,000
Interested in this property? Call +44 20 3641 7448 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Flat for sale - 4 bedrooms

4 2 2

Tenure:
Freehold
Council tax band:
Not available

Utilities and more details

Property features

  • Superb investment opportunity
  • Prominent high street location
  • 2 x Retail units and 2 x Converted apartments
  • Basement room
  • Car parking at the rear for 3 cars
  • Potential rental of £34,000 per annum
  • Gross All Risks Yield (ary) of 7.9%
  • 2 Storey rear workshop and store

Property description

A superb investment opportunity nestled in the bustling heart of Peel's main high street. This standout property not only occupies a pivotal location but also offers a diverse portfolio with compelling growth potential and a robust return on investment.

Retail Units: Two prime shops, positioned for maximum visibility and foot traffic, ensuring a steady rental income.
Residential Appeal: Above the retail space, find two 2-bedroom apartments, designed for comfort and convenience.
Versatile Space: A unique addition is the two-storey workshop/store room located at the rear. Offering flexibility, it has significant potential for conversion into additional retail or office space, enhancing the property's overall value.

Investment Highlights
Individual units reflect an estimated market worth of £450,000.
Income Potential: With a potential annual rental income of £34,000, investors can anticipate a gross all risks yield (ary) of 8.6%, signifying an attractive return on investment.
Prime Location: Situated on Peel's vibrant high street, this property benefits from high footfall from both locals and tourists, making it a desirable spot for businesses and residents alike.
Added Benefits: Includes parking for up to three vehicles, adding convenience for tenants and enhancing the property's appeal.

Strategic Investment for Growth
This property represents an opportunity for investors seeking to capitalise on Peel's dynamic market. Whether your strategy is long-term growth or generating immediate rental income. Its strategic location, combined with its diverse asset mix, not only secures a stable income stream but also offers potential for capital appreciation.

Inclusions - Fitted floor coverings, fixtures/fittings, light fittings

Appliances - All integrated appliances

Heating - Gas

Tenure - Freehold - Can be sold with vacant possession

Property info

Floorplan(s): Floorplan 1

View original

Arrange Viewing

For more information about this property, please contact
Grays Estate Agents, IM5 on +44 20 3641 7448 * (local rate)

Contact Grays Estate Agents about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Grays Estate Agents, and do not constitute property particulars. Please contact Grays Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

View all Douglas Street properties for sale